Renesas Electronics expects solid growth in revenue and profits in 2022 following a robust performance last year, amid a global semiconductor shortage.

Renesas Electronics on Wednesday unveiled plans to raise its capacity to supply a key component in cars and electronics more than 50% by 2023, as some industry watchers predict a global chip shortage could last into next year and beyond.

The closing of the acquisition of Dialog, following the landmark acquisitions of Intersil and IDT, reinforces Renesas as a premier embedded solution provider.

Renesas Electronics on Tuesday said restoring full production capacity at a fire-damaged chip plant in Japan would take longer than expected, predicting a return to normal by mid-June rather than the previously estimated end of May.

Mitsubishi Motors will slash output by 16,000 units worldwide in May, the Japanese automaker said Friday, after a factory fire at key supplier Renesas Electronics squeezed the already tight global supply of automotive semiconductors.

According to cellphone location data analyzed by Nikkei, 14,000 people from among the Japanese company's business partners and other organizations participated in the recovery of Renesas Electronics, which resumed semiconductor production on April 17 at its Naka plant in Ibaraki Prefecture. The plant had been partially shut down because of a fire.

With chipmaker Renesas Electronics not expected to achieve a full recovery from its recent factory fire until mid-July, Japan's largest automakers have begun bracing for long-term disruptions and potential production cuts.

Renesas CEO Hidetoshi Shibata told a news conference that while production at the company's fire-hit plant looked likely to resume within a month, recovery to pre-fire levels was expected to take around 100 to 120 days from the incident.

Japan has called on equipment makers to help one of its biggest chipmakers restore production, the latest government move aimed at easing a semiconductor shortage that has hit production at car companies and is now pressuring makers of electronic devices.

A fire at one of Renesas Electronics' semiconductor facilities will probably have a big impact on the supply of chips for the automobile industry, Chief Executive Officer Hidetoshi Shibata said during an online news conference Sunday.

Japan's Renesas Electronics halted production at one of its main plants in Hitachinaka, northeast of Tokyo, after a fire broke out, the chipmaker said late Friday.

Renesas Electronics' top executive warned that a global shortage of auto semiconductors may persist into the second half, joining other industry leaders in bracing for a chip crunch to snarl production of cars and gadgets well past the summer.

The earthquake that struck Saturday night off the coast of Fukushima Prefecture, shaking northern and eastern Japan, has tripped up operations for many companies in a faint echo of the disruption brought by the much larger quake that hit the same area in 2011.

Japan's Renesas Electronics is fabricating more of its automotive semiconductors in-house as contract manufacturers are swamped with orders, Nikkei has learned.

Automotive chipmaker Renesas Electronics plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Chinese demand, the company said on Thursday.

Japanese chipmaker Renesas Electronics will cut almost 1,000 workers from its payrolls at the end of June, Nikkei has learned, as part of a pivot abroad to compensate for a shrinking domestic market.

Renesas Electronics is considering an acquisition of Integrated Device Technology to expand beyond the automotive sector.

Renesas Electronics will outsource all of its automotive microcontroller production to TSMC as it seeks to cut costly outlays on chipmaking machinery and concentrate on the development of software and semiconductors.

Autoparts supplier Denso will raise its stake in Renesas Electronics to 5% from 0.5% to work even more closely with the chipmaker in developing self-driving systems.

Japanese chip vendor Renesas Electronics denied that it is in talks to acquire rival Maxim Integrated after reports about a possible deal sent Maxim's stock price skyrocketing.

In 2016, NXP in the Netherlands overtook Renesas Electronics in Japan as the world's largest microcontroller supplier with MCU revenues climbing 116% following its US$11.6 billion purchase of US-based Freescale Semiconductor in December 2015.

Renesas Electronics has created a prototype for a fully self-driving car equipped with company's own semiconductors, which help control the vehicle as it moves forward, turns and stops.

Renesas Electronics has agreed to buy US chipmaker Intersil for a total of $3.2 billion, as the Japanese chipmaker accelerates efforts to sell more automotive components.

The courtship of Intersil is turning into a duel between Japan's Renesas Electronics and San Jose, Calif.-based Maxim Integrated Products.

Japan's Renesas Electronics is in the final stages of negotiations to acquire US chipmaker Intersil for as much as JPY300 billion ($2.99 billion), the Nikkei business daily reported on Monday.

Renesas expects to be able to restore full pre-earthquake production capacity on May 22.

The Kumamoto Prefecture is relatively small, contributing only 1.1% of Japan's GDP. But it is home to several semiconductor production plants and is sometimes called Japan's Silicon Island.

Bunsei Kure, if approved, will be the third CEO of the troubled Japanese chip company, after Hisao Sakuta-who oversaw Renesas' restructuring and brought it back into the black. Sakuta stepped down a year ago.

The chief executive of semiconductor maker Renesas Electronics abruptly resigned Friday six months after he took the post, a move that comes as the company's principal shareholder considers strategic options.

Tsinghua's ambitions in the memory chip business are well known. It is reportedly targeting an investment in Renesas as a vehicle for China to gain a foothold in the logic business - especially in the automotive and MCU segments.

German chip maker Infineon Technologies has expressed interest in investing in Japanese semiconductor firm Renesas Electronics, and Renesas is examining that idea along with other strategic options, according to people familiar with the situation.

The Japanese company's Synergy Platform joins similar efforts by such vendors as Intel, ARM, Broadcom and MediaTek.

Rohm has moved to acquire a 200mm wafer fab from Renesas Electronics for JPY450 million (US$3.7 million).

Avago Technologies, looking to acquire a fellow chipmaker, has reached out to potential targets including Xilinx, Renesas Electronics and Maxim Integrated Products, according to people familiar with the matter.

Synaptics has completed its acquisition of Renesas SP Drivers (RSP), a supplier of small- and medium-size display driver ICs for smartphones and tablets.

Renesas Electronics has developed what it claims is the industry's first 28-nanometer (nm) flash memory intellectual property (IP) for microcontrollers (MCUs) using a 28nm process technology.

Struggling chip-maker Renesas Electronics will withdraw from the market for small liquid crystal displays as part of efforts to turn around its business, an industry source said Saturday.

Renesas Electronics will slash 5,400 jobs in Japan, or about one quarter of its domestic workforce, reports said Wednesday, as the struggling Japanese chipmaker overhauls its money-losing business.

Chip companies serving the automotive industry know exactly where the next-generation MCU battle will be played out: high-performance MCUs with fast-access flash memory at 40-nanometer process.

Electronics firm Sony is considering the purchase of a Japanese chip plant from Renesas Electronics so that it can enhance production of smartphone image sensors, reports said.