Japan’s Renesas Electronics Factory closed after a major earthquake

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Renesas Electronics, a major supplier of automotive semiconductors, said its most advanced chip plant remained closed on Monday, as it examines damage from the earthquake that struck northeastern Japan on Saturday.

TickerSecurityLastChangeChange% RNECYRENESAS Electronics 6.25-0.07-1.19%

The 7.3-magnitude earthquake caused a power outage at the Naka plant in Ibaraki Prefecture, halting operations including the company’s only advanced manufacturing line of 300mm in diameter.

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“We are conducting safety checks in the clean room of the factory, where dangerous chemicals are used,” a Renesas spokeswoman said.

Renesas Electronics, a major supplier of automotive semiconductors, said its most advanced chip plant remained closed Monday, as it examines damage from the earthquake that struck northeastern Japan on Saturday.

She added that the company is also investigating disrupted supplies of the materials it uses to manufacture semiconductors.

A prolonged outage could put more pressure on global chip supplies amid shortages that have already forced some carmakers to cut production.

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The Japan Meteorological Agency (JMA) warned that aftershocks could last for several days.

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