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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16599987" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3677673-auto-chip-supplier-renesas-faces-three-month-production-pause-after-fire" target="_blank">Auto chip supplier Renesas faces three-month production pause after fire</a></p><ul> <li data-xf-list-type="ul">Renesas Electronics (<a href="https://seekingalpha.com/symbol/RNECF" target="_blank">OTCPK:RNECF</a>,<a href="https://seekingalpha.com/symbol/RNECY" target="_blank">OTCPK:RNECY</a>) <a href="https://www.reuters.com/article/us-japan-renesas-taiwan/renesas-says-normal-production-at-fire-hit-chip-plant-to-take-100-120-days-idUSKBN2BM09M" target="_blank">says it will take up</a> to three months to resume normal production at the chip fab damaged by a recent fire.</li> <li data-xf-list-type="ul">The company again upward revises the number of machines damaged, which moved from 11 to 17 and now to 23.</li> <li data-xf-list-type="ul">The return to pre-fire production will take between 100 to 120 days.</li> <li data-xf-list-type="ul">Renesas expects to take a sale hit of $177.4-236.5M due to the production pause.</li> <li data-xf-list-type="ul">Renesas supplies about one-third of the global market for automotive microcontroller chips and about two-thirds of the h production from the halted line went to auto chips.</li> <li data-xf-list-type="ul">Short-term production replacement isn't possible since the global semiconductor shortage, which was already hammering the auto industry, has foundries running at max capacity.</li> <li data-xf-list-type="ul">Other auto chip companies: NXP Semi (<a href="https://seekingalpha.com/symbol/NXPI" target="_blank">NXPI</a> +0.9%), ON Semi (<a href="https://seekingalpha.com/symbol/ON" target="_blank">ON</a> +0.9%), and STMicroelectronics (<a href="https://seekingalpha.com/symbol/STM" target="_blank">STM</a> -0.7%).</li> <li data-xf-list-type="ul">Background: The Renesas fire is another hurdle for the semiconductor shortage, which already faced a<a href="https://seekingalpha.com/news/3659294-auto-chip-shortage-driving-61b-in-lost-sales-faces-complicated-recovery" target="_blank"> complicated recovery.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16599987, member: 137766"] [URL='https://seekingalpha.com/news/3677673-auto-chip-supplier-renesas-faces-three-month-production-pause-after-fire']Auto chip supplier Renesas faces three-month production pause after fire[/URL] [LIST] [*]Renesas Electronics ([URL='https://seekingalpha.com/symbol/RNECF']OTCPK:RNECF[/URL],[URL='https://seekingalpha.com/symbol/RNECY']OTCPK:RNECY[/URL]) [URL='https://www.reuters.com/article/us-japan-renesas-taiwan/renesas-says-normal-production-at-fire-hit-chip-plant-to-take-100-120-days-idUSKBN2BM09M']says it will take up[/URL] to three months to resume normal production at the chip fab damaged by a recent fire. [*]The company again upward revises the number of machines damaged, which moved from 11 to 17 and now to 23. [*]The return to pre-fire production will take between 100 to 120 days. [*]Renesas expects to take a sale hit of $177.4-236.5M due to the production pause. [*]Renesas supplies about one-third of the global market for automotive microcontroller chips and about two-thirds of the h production from the halted line went to auto chips. [*]Short-term production replacement isn't possible since the global semiconductor shortage, which was already hammering the auto industry, has foundries running at max capacity. [*]Other auto chip companies: NXP Semi ([URL='https://seekingalpha.com/symbol/NXPI']NXPI[/URL] +0.9%), ON Semi ([URL='https://seekingalpha.com/symbol/ON']ON[/URL] +0.9%), and STMicroelectronics ([URL='https://seekingalpha.com/symbol/STM']STM[/URL] -0.7%). [*]Background: The Renesas fire is another hurdle for the semiconductor shortage, which already faced a[URL='https://seekingalpha.com/news/3659294-auto-chip-shortage-driving-61b-in-lost-sales-faces-complicated-recovery'] complicated recovery.[/URL] [/LIST] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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