📊Executive Summary

Renesas Electronics is ramping up production of automotive chips in-house to address the global vehicle component shortage, as its foundry partners are overwhelmed with orders. The company plans to increase prices on select items by 15-20% starting in March and April due to rising raw material and electricity costs. Renesas has dedicated a production line at its Naka factory to fabricate 40nm MCUs, previously idled due to reliance on external providers. The automotive chip shortage is expected to persist through Q2 2021, prompting other chipmakers like NXP and STMicroelectronics to also raise prices and extend lead times. This situation highlights the ongoing supply chain challenges in the automotive sector, necessitating close monitoring by procurement teams....