The government and several businesses are racing to bring a fire-damaged automotive chip plant back online, underscoring how important the facility has become in a supply chain already under strain because of booming demand for semiconductors.
The Economy, Trade and Industry Ministry is mobilizing to help Renesas Electronics Corp., one of the top providers of chips used in car electronics, to source equipment after a fire broke out at one of its plants on Friday.
The nation’s automakers, who depend on Renesas to supply semiconductors, are dispatching workers to the damaged site to help with recovery activities.