Key Chip Manufacturer Has Fire & Could Derail Entire Auto Industry, Home Construction Prices To Soar

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The main discussion we have been hearing is supply chain shortages.
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It was the loudest response on the ISM with many producers citing supply shortages. According to the journal ":the fire Friday left a swath of charred equipment in the factory owned by a subsidiary of Renesas Electronics Corp. in Hitachinaka, northeast of Tokyo. The company said it would take at least a month to restart the damaged operations.
Shares of Japan’s three leading car makers— Toyota Motor Corp. , Nissan Motor Co. and Honda Motor Co. —all fell by more than 3% on Monday, worse than the overall market, while Renesas shares were down 4.9%."
a major manufacturer of computer chips had a fire and all hell broke loose this is becoming a serious crisis because there was already a supply shortage which is shutting down Manufacturing in several different sectors. it's hard to tell how bad this could really get as we are now getting signals from many different manufacturers did what was a shortage is now becoming a crisis