China warns the Netherlands to ‘immediately correct its mistakes’ over Nexperia saga that has disrupted auto production — chip shipments remain suspended, auto industry suffering from undersupply

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The Chinese Ministry of Commerce said in a statement that the Netherlands should “immediately correct its mistakes and clear the obstacles to restoring the stability and security of the global semiconductor supply chain.” Beijing said this in relation to the ongoing Nexperia crisis, in which the Dutch government seized control of the chipmaker from its Chinese parent, Wingtech, allegedly to safeguard “crucial technical knowledge.” However, this move has resulted in a component shortage for the…



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China warns the Netherlands to ‘immediately correct its mistakes’ over Nexperia saga that has disrupted auto production — chip shipments remain suspended, auto industry suffering from undersupply


The Chinese Ministry of Commerce said in a statement that the Netherlands should “immediately correct its mistakes and clear the obstacles to restoring the stability and security of the global semiconductor supply chain.” Beijing said this in relation to the ongoing Nexperia crisis, in which the Dutch government seized control of the chipmaker from its Chinese parent, Wingtech, allegedly to safeguard “crucial technical knowledge.” However, this move has resulted in a component shortage for the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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