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31 Mar
13:56

Global semiconductor shortage continues to hurt automotive industry

The fire in March at semiconductor manufacturer Renesas in Japan will exacerbate existing supply chain disruptions, says Fitch Ratings. This is likely to hamper the automotive sector recovery and impact steel demand, Kallanish notes. At the end of March, Renesas said the fire damaged a production line for 300mm wafers used in the automotive industry and it will take up to one month to restart the line. This disruption is likely to affect a number of global carmak…
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