Summary
The Dutch government used an old emergency law to take control of a Chinese-owned chip company called Nexperia, which impacted the global car industry. This move caused China to stop some chip exports to Europe, affecting carmakers reliant on these components. The situation reflects the growing tension between the US, China, and Europe over technology and trade.
Key Facts
- The Dutch government took control of Nexperia, a Chinese-owned chip company.
- This decision was based on what they called "serious governance shortcomings."
- China responded by imposing export controls from its facilities to Europe.
- Nexperia makes essential chips for car functions like power-steering.
- The chips are important for car production worldwide, with high reliance on Chinese processing.
- The situation exposed vulnerabilities in the global chip supply chain.
- China seeks EU support to reverse the Dutch takeover.
