Dutch return control of chipmaker Nexperia
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Netherlands suspends Nexperia takeover order as China eases export curbs — de-escalation could be welcome break for automotive industry
The Dutch government has suspended its emergency order to oversee chipmaker Nexperia, returning operational control to Chinese parent company Wingtech.
The decision marks a step toward resolving a spat that had blocked vital chip supply to the auto industry.
The Dutch government has stepped back from its emergency intervention at chipmaker Nexperia, easing a months-long confrontation with China that disrupted global automotive supply chains and raised questions about Europe's handling of foreign ownership in strategic industries.
The Netherlands stepped back from its takeover after Beijing announced it would exempt some chips from an export ban — reportedly part of a U.S.-China trade deal.
China's commerce ministry on Friday criticised comments made by Dutch Economy Minister Vincent Karremans defending the seizure of Chinese-owned, Netherlands-based chipmaker Nexperia, days before senior Dutch officials visit Beijing to discuss how to resolve the dispute.