Supplier bankruptcy impacts Renesas, key automaker supplier, causing 4.8% stock decline

From Investing.com: 2025-07-01 04:26:00

Renesas shares dropped after its supplier Wolfspeed filed for bankruptcy. Renesas is a key supplier to automakers, impacting the industry’s production. This news caused a 4.8% decline in Renesas shares. The bankruptcy filing comes amid global chip shortages, adding pressure to the semiconductor sector. Investors are closely monitoring the situation.



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