US EditionDutch halt state intervention at Chinese-owned chipmaker Nexperia, paving way for exports to resume
Dutch Economy Minister Vincent Karremans suspended state control of Nexperia after talks with China, easing chip shortages that threatened European automotive supply chains.
- On Nov 19, the Dutch government suspended its intervention at Nexperia after constructive talks with China, Dutch Economy Minister Vincent Karremans announced in The Hague under the Goods Availability Act.
- On Sep 30, the Dutch state took control of Nexperia to prevent its former chief executive from moving operations to China, citing national security concerns.
- Nexperia supplies basic chips to the car industry and Beijing halted exports of its finished products on Oct 4, triggering warnings from automakers about production slowdowns.
- Karremans said he was positive about Chinese measures, adding Beijing's weekend exemptions could help unblock shipments and ease chip supply strains to Europe and beyond.
- The government framed the step as diplomatic engagement; Vincent Karremans called the suspension a gesture of goodwill and said ongoing talks with Chinese authorities will continue.
94 Articles
94 Articles
Top Democrat Seeks U.S. Probe Into Chinese Chip Firms Tied To Nexperia
A top Democrat is urging the U.S. Commerce Department to investigate four Chinese semiconductor firms that may be supplying Dutch chipmaker Nexperia, warning the companies could pose safety and reliability risks for vehicles across the United States and its allies. Rep. Raja Krishnamoorthi, the ranking Democrat on the House Select Committee on the Chinese Communist Party, said Nexperia’s China operations are turning to unvetted wafer suppliers a…
The arm wrestling on the chip maker resolves with the Chinese victory and Brussels relief for the solution of a story that had produced a p...
The Netherlands takes a big step to defuse its dispute with China that threatened car production
A high-stakes standoff between China and the Netherlands over control of a crucial chipmaker reached a detente Wednesday after Amsterdam suspended a controversial order that enabled it to take control of Chinese-owned Nexperia.
China has welcomed the movement in the Netherlands, but demands that the main cause be resolved: Wingtech has to regain control of Nexeria management
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