China calls on Netherlands to correct ‘mistake’ over chipmaker Nexperia
Summary
China has asked the Netherlands to stop its actions to control the Chinese-owned chipmaker Nexperia. The Netherlands had previously restricted Nexperia's decision-making due to concerns about its Chinese ownership. China claims these actions harm global supply chains, while the Netherlands cites concerns over production moves to China and national security.Key Facts
- China wants the Netherlands to stop interfering with the chipmaker Nexperia.
- Nexperia is owned by the Chinese company Wingtech.
- The Netherlands blocked Nexperia from making key decisions without government approval.
- The Dutch government cited concerns about European production moving to China.
- The U.S. warned the Netherlands that Nexperia might face U.S. sanctions unless its Chinese CEO was replaced.
- The Dutch government recently paused its restrictions after talks with Beijing.
- A Dutch court removed the Chinese CEO from Nexperia over alleged mismanagement.
- China responded by blocking some chip exports from its facilities, affecting carmakers like Honda and Nissan.
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