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Reuters

Japan’s Renesas CEO says no plans to build chip production facilities in U.S

Japanese semiconductor maker Renesas Electronics Corp. has no plans to build chip factories in the United States and will continue to expand production in Japan instead, chief executive officer Hidetoshi Shibata said on Wednesday. “When it comes to front-end production, I don’t necessarily believe there are good supplies of ingredients in geographies like Europe or the U.S.,” said Shibata. While keeping manufacturing focused in Japan presented risks, with earthquakes sometimes disrupting production, Shibata said Renesas was investing in technologies to cope with challenges from natural disasters.