The Nexperia Affair – and What It Reveals About Europe and China
2 Articles
2 Articles
The Nexperia Affair – and what it reveals about Europe and China
A never-before-used Dutch emergency law, a suspended Chinese CEO, and a Beijing export ban that nearly stopped Volkswagen's production line. The Nexperia affair turned an unglamorous chipmaker into the flashpoint of an EU–China struggle over strategic industry. China's swift retaliation revealed just how fragile Europe's grip on its own industrial base has become, and how readily economic interdependence is now used as a weapon.
Chinese Ministry of Commerce spokesperson He Yadong stated that China and the Netherlands should create a favorable environment for businesses to resolve disputes through consultation and safeguard the security of global semiconductor supply and industrial chains. He emphasized the deepening of economic cooperation between the two countries.
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