Netherlands suspends Nexperia takeover order as China eases export curbs — de-escalation could be welcome break for automotive industry

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The Dutch government has suspended its emergency order to oversee chipmaker Nexperia, returning operational control to Chinese parent company Wingtech following a breakthrough in talks, according to reporting by Bloomberg.

Economic Affairs Minister Vincent Karremans announced the decision on Wednesday, November 19, saying the company “shows no signs of continuing the behavior that prompted my order, nor any intention to do so.” The suspension marks a notable de-escalation in a trade dispute that had…



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Netherlands suspends Nexperia takeover order as China eases export curbs — de-escalation could be welcome break for automotive industry


The Dutch government has suspended its emergency order to oversee chipmaker Nexperia, returning operational control to Chinese parent company Wingtech following a breakthrough in talks, according to reporting by Bloomberg.

Economic Affairs Minister Vincent Karremans announced the decision on Wednesday, November 19, saying the company “shows no signs of continuing the behavior that prompted my order, nor any intention to do so.” The suspension marks a notable de-escalation in a trade dispute that had…



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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