(Bloomberg) — Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production. “We were informed by China that they will enable the resumption of supplies from Chinese factories from Nexperia,” Schoof said…
One person familiar with Friday’s discussion pointed out Surgutneftegas, Putin’s personal company, has not been targeted yet and predicted: “If their [Russia’s] entire oil sphere could be squeezed it would have some chance of bringing Putin to the table.” A senior U.K. official separately added that the U.S. action had been “a really important new…
The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response,…