Panasonic forced to cut production for key solar panel component - report

Panasonic's Shiga Factory, a module production site. Source: Business Wire.

July 14 (Renewables Now) - Japanese electronics major Panasonic Corp (TYO:6752) is expected to soon suspend production of a part necessary for residential solar installations because of a shortage of semiconductors, Nikkei Asia reports.

According to the financial newspaper, the company has sent a notice to client businesses late last month to inform them of delayed supplies of power conditioners.

Nikkei Asia points to a March fire at a chip factory operated by Renesas Electronics Corp (TYO:6723) as the reason for these changes. The latter has managed to recover semiconductor production to pre-fire levels on June 24 but is currently prioritising deliveries for the automotive sector.

The report notes that Panasonic has a roughly 30% share among the suppliers of power conditioners for home solar cells and is followed by compatriots Omron Corp (TYO:6645) and Tabuchi Electric. The latter plans to rely on inventory to maintain production for some time, Nikkei Asia added.

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