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China 'Firmly Opposes' Dutch Takeover of Semiconductor Manufacturer Nexperia
Dutch authorities seized Nexperia citing governance issues and national security; automotive sector faces risk as 60% of Nexperia’s $2.06 billion revenue comes from car chip supplies.
- The Dutch government invoked a 1952 law to take control of the Chinese-owned semiconductor company Nexperia, citing national security concerns.
- China 'firmly opposes' the Dutch takeover of Nexperia, arguing it 'violates the spirit of contractual agreements and market principles.'
- The move aims to keep semiconductor production within secure jurisdictions amid rising tensions over semiconductor sovereignty.
51 Articles
51 Articles
Minister Karremans of Economic Affairs did not discuss his intervention at the chip company Nexperia with other countries beforehand. His decision to take control of the company wasn't only met with disapproval in China. European car manufacturers now also fear they'll have to shut down factories because they can no longer obtain chips. "You shouldn't surprise China."
Automaker Groups Warns Nexperia Chip Halt Could Rapidly Disrupt US, European Vehicle Production
Major auto industry associations on both sides of the Atlantic are warning that a fast-escalating semiconductor dispute involving Chinese-owned chipmaker Nexperia could trigger production stoppages within weeks, jeopardizing output in the United States and Europe while reviving fears of a new supply chain crisis. Nexperia, owned by China’s Wingtech Technology but headquartered in the Netherlands, notified customers on Oct. 10 that it could no lo…
Outgoing Minister of Economic Affairs Karremans wants to work with China to find a solution to the Chinese export ban on Nexperia chips. The ban took effect this week after the Netherlands took control of the company, originally based in Nijmegen, and the Chinese CEO, Zhang Xuezheng, was dismissed by the Enterprise Chamber of the Amsterdam Court of Appeal. Karremans hopes that talks with China will lead to the export ban being lifted. The chips …
UPDATE 1-Dutch government in talks with China over Nexperia export controls
UPDATE 1-Dutch government in talks with China over Nexperia export controls The Netherlands is in talks with China over export controls imposed on the Chinese-owned chipmaker Nexperia, which has become tangled up in the trade frictions between the U.S. and China.The Dutch government stepped in on September 30 to take control of Nexperia, which makes chips for carmakers and for consumer electronics, citing worries about the possible transfer of t…
The automotive industry in Europe and the United States is worried about production disruptions due to a dispute between the Chinese and Dutch governments over chipmaker Nexperia, Reuters reports. The Dutch government said on Sunday it had taken control of Nexperia over concerns that the company would hand over key technologies to its Chinese parent company Wingtech.
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