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.
135 Articles
135 Articles
The Dutch government, which had expropriated Nexperia, has to make a sharp turn back. The move has lifted Brussels since the automotive was broke due to the stop to the delivery of semiconductors imposed as a reaction from Beijing.
Dutch government hands chipmaker Nexperia back to Chinese owner after political standoff
The Dutch government has ended its temporary stewardship of Nexperia, ceding control of the semiconductor producer back to its Chinese owner after weeks of diplomatic maneuvering. The transfer follows extensive consultations with European allies and direct conversations with Chinese officials, according to Dutch Economic Affairs Minister Vincent Karremans.Read Entire Article
Dutch return control of chipmaker Nexperia to Chinese after standoff
The Dutch government suspended its powers over chipmaker Nexperia, handing back control to its Chinese owner and defusing a standoff with Beijing that had begun to hamper automotive production around the world.
‘First step in right direction’: China, Netherlands move to resolve Nexperia chip row
The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of “good will”, a move China welcomed as a positive “first step”. Nexperia chip. Photo: Nexperia. The two sides are moving to resolve a dispute that erupted in September when the Dutch government effectively took control of Nexperia, which is based in the Netherlands but whose parent company is China’s Wingtech. China responded by…
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