Automaker chip shortages tipped to persist
Renesas Electronics Corp’s top executive warned that a global shortage of auto semiconductors might persist into the second half of this year, joining other industry leaders in bracing for a chip crunch to snarl production of vehicles and gadgets well past the summer. Industry giants from Continental AG to Innolux Corp have in the past few weeks warned of longer-than-anticipated deficits thanks to unprecedented demand for everything from vehicles to game consoles and smartphones amid the COVID-19 pandemic. Renesas is running its most critical plants at full capacity to try and sate demand, b...