Category Archives: general

The post Nexperia HQ cheers announcements lifting block as Dutch government holds talks appeared com. Officials at Nexperia in the Netherlands said they welcomed recent statements from both the United States and China signaling that barriers stopping the company from shipping its chips may be lifted. The company said on Sunday that its “focus is now on ensuring stability of supply to customers,” according to statements shared with reporters. Nexperia did not comment on remarks made by its Chinese subsidiary, which said it intends to accelerate steps toward operating more independently. Dutch officials said they are still holding talks with their Chinese counterparts, the U. S. government, and representatives from the auto and semiconductor sectors to find, as they described it, a “constructive way forward.” The dispute over control of the company has already triggered shortages and raised alarms across the global auto industry. Automakers around the world rely on Nexperia for large volumes of basic semiconductor components used in nearly every car model on the road. Those components are small and inexpensive, but they connect batteries to motors, run sensors, manage braking systems, control airbags, power entertainment screens, and operate electric windows. Disruption in supply has left automakers warning of production cuts if the situation drags on. Governments respond to ownership and national security fight Nexperia is owned by the Chinese company Wingtech, and the Dutch government took control of the chipmaker in October under a national security law from the Cold War era. Officials said they were concerned that Wingtech planned to shift intellectual property to another business it controls. A Dutch court suspended Nexperia CEO Zhang Xuezhen on grounds of mismanagement during the same period, adding another layer of tension to the dispute. China responded weeks later by blocking Nexperia chips made or processed in China from leaving the country. That immediately hit the supply chain, since about 70% of Nexperia’s chips begin. Continue reading Nexperia HQ cheers announcements lifting block as Dutch government holds talks→