TOKYO—A fire at a factory of one of the world’s leading auto chip makers has added to the troubles of car makers that already have slashed production because of a semiconductor shortage.
The fire Friday left a swath of charred equipment in the factory owned by a subsidiary of Renesas Electronics Corp. RNECY -2.90% in Hitachinaka, northeast of Tokyo. The company said it would take at least a month to restart the damaged operations.
Shares of Japan’s three leading car makers— Toyota Motor Corp. TM -2.53% , Nissan MotorCo. NSANY -2.09% and Honda Motor Co. HMC -2.64% —all fell by more than 3% on Monday, worse than the overall market, while Renesas shares were down 4.9%.
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