US EditionDutch halt state intervention at Chinese-owned chipmaker Nexperia, paving way for exports to resume
- 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.
25 Articles
25 Articles
At the end of September, the Dutch government had taken control of Nexperia, and now it is returning it to China as a "sign of goodwill".
Sueddeutsche Zeitung
China had previously called for this step by the Netherlands. At the end of September, the government in The Hague had surprisingly intervened with the Dutch chip manufacturer, triggering supply shortages in the industry.
Dutch government says it's suspending its order to take control of Chinese-owned chipmaker Nexperia
The Dutch government says it’s relinquishing its control over Chinese-owned chipmaker Nexperia following a standoff between China and the Netherlands. Economics Affairs Minister Vincent Karremans said Wednesday that he was suspending an earlier order to take control of Nexperia under…
Government in The Hague gives back control over key company for the car industry.
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