One of the car industry’s biggest computer chip suppliers has warned that a major fire at one of its factories in Japan could have a “massive impact” on its ability to fulfil orders.
The incident comes at a time when supplies of chips to the auto industry were already running short.
Shares in the semiconductors firm Renesas fell, along with its clients including Toyota, Nissan and Honda.
Elsewhere, Volkswagen has said chip scarcity might last until the autumn.
“I think things will get stable by the fall but certainly its going to be complicated, and its going to be challenging but I think we’ll navigate it,” Scott Keogh, VW’s North America chief executive told the BBC.
He added that some of the company’s plants were likely to run fewer shifts a day, but added that he hoped factory shutdowns could be averted.
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