Major Japanese semiconductor maker Renesas Electronics has announced it's going to reopen a closed plant to meet the growing demand for electric vehicles.
The factory is located in Yamanashi Prefecture, west of Tokyo. It was shut in 2014 as part of streamlining efforts amid a business slump. Company officials say they aim to restart production at the plant in 2024.
Renesas plans to spend about 90 billion yen, or 700 million dollars, to introduce new equipment.
The facility will produce power semiconductors that supply and manage electricity. Renesas says the reopening will double the company's output capacity of such chips.
The factory is located in Yamanashi Prefecture, west of Tokyo. It was shut in 2014 as part of streamlining efforts amid a business slump. Company officials say they aim to restart production at the plant in 2024.
Renesas plans to spend about 90 billion yen, or 700 million dollars, to introduce new equipment.
The facility will produce power semiconductors that supply and manage electricity. Renesas says the reopening will double the company's output capacity of such chips.
Similar Readings (5 items)
Idled factories repurposed to boost chip output in Japan
Samsung to open lab in Yokohama
Emergency prefectural govt. meeting over Nissan plant closures report
Sony eyes building new semiconductor plant in southwestern Japan
Japan to allocate 1.9 tril. yen to domestic chip production
Summary
Japanese semiconductor manufacturer Renesas Electronics plans to reopen a closed plant in Yamanashi Prefecture, west of Tokyo, in 2024 to address the rising demand for electric vehicles. The company aims to invest approximately 90 billion yen (700 million dollars) for new equipment, primarily
Statistics
100
Words1
Read CountDetails
ID: 62838555-b76c-4323-8efa-6cb8c0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220517_35/
Date: May 17, 2022
Created: 2022/05/17 20:21
Updated: 2025/12/09 16:17
Last Read: 2022/05/17 20:21