Good grief! Fire halts production for auto chip giant Renesas amid global shortage Renesas (OTCPK:RNECF), one of the largest auto chip companies in the world, announces that a fire has impacted production at its Naka Factory located in Hitachinaka, Ibaraki Prefecture. The fire occurred in one of the clean rooms at the N3 building, which houses the 300mm production line. Renesas confirms some damages to utility equipment and says the impacts to equipment, work-in-process, and the financial impacts are currently undetermined and under investigation. Production at the facility's N2 building (200mm line) and WT building (wafer testing) will continue with normal operations. Renesas holds a 51% share of the global automotive semiconductor market, which is currently experiencing a massive shortage that can allow the chipmakers to increase pricing. Auto chip peers on the move: NXP Semiconductors (NXPI +2.6%), ON Semi (ON +2.2%), and STMicroelectronics (STM +4.4%). Related: Yesterday, automaker Ford cancelled more shifts due to the ongoing chip shortage.