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The European Automotive Industry Is Back on the Brink of Paralysis
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Beijing has declared a blockade on the exports of Wingtech Technology, China's semi-conductor specialist. Directly opposed to the nationalization of Nexperia by the Netherlands in September, invoking national security after Wingtech's listing on the US blacklist. Deprived of essential Chinese components, Nexperia risks quickly suspending its production. However, its chips equip countless automotive subcontractors. When geopolitics hit the assemb…
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