Netherlands willing to give up Nexperia control if China resumes exports

The Netherlands is ready to drop its emergency control over Nexperia next week, if China finally unblocks the flow of critical chip exports, according to a report by Bloomberg, which cited unnamed government officials familiar with the situation. The whole standoff has pushed Europe’s car factories to the edge, as chip shipments from China have been frozen for weeks, slashing the supply of basic but vital components used by companies like BMW and Volkswagen. The Dutch move would involve shelving a ministerial order that gave them the power to block or rewrite key decisions at Nexperia, a chipmaker based in Nijmegen but owned by Wingtech Technology, a company out of Shanghai. But this rollback won’t happen unless two things line up: one, China needs to resume shipping chips, and two, the money drama between Nexperia and its Chinese unit must get cleaned up. A few signs suggest movement; Wingtech’s stock...

https://www.cryptopolitan.com/netherlands-to-relinquish-nexperia-control/