Netherlands Returns Control of Nexperia
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The Dutch government says it’s relinquishing its control over Chinese-owned chipmaker Nexperia following a standoff between China and the Netherlands
14hon MSN
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.
The dispute erupted in September when the Dutch government effectively took control of Nexperia. Read more at straitstimes.com. Read more at straitstimes.com.
Netherlands-China standoff over Nexperia chips disrupts auto production, exposing the fragility of global semiconductor supply chains.
The crisis sparked by the recent standoff between the Netherlands and China over chipmaker Nexperia underscores just how fragile the supply chain is and why dialog is vital to prevent disputes from spiraling,
In a letter, Nexperia China accuses the Dutch head office of ‘malicious sabotage’ and ‘shirking responsibilities’.