CEO Makoto Uchida expects chip shortage situation will improve but warns there are still ‘many complexities’
Tokyo — Japanese carmaker Nissan Motor on Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the US and China, after reporting a surprise first-quarter operating profit.
“Nobody has got a crystal ball. Nobody. But there are some assumptions,” he said, referring to an expected easing of the crisis, partly because a fire-hit Renesas Electronics chip plant in Japan is functioning again. CNBC reported on Wednesday Uchida said the chip shortage situation will improve but he warned there are “many complexities” surrounding semiconductor suppliers as a result of the coronavirus pandemic.
Some, though, such as Taiwan chipmaker TSMC and Volkswagen said they are seeing some signs that the crunch is easing.
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