The Nexperia factory in Dongguan, in the heart of southern China’s Pearl River Delta, has long been a poster child for successful globalisation. Since its launch in 2000, the plant, which covers an area the size of 10 football fields, has operated 24 hours a day, seven days a week, non-stop. Following its most recent…
Senior Democrat Party members of Congress have demanded to know whether US President Donald Trump cut a deal with Beijing on the future of Nexperia that left Washington’s European allies blindsided. Democrats are asking if Trump acted in concert with the Netherlands and the European Union on a US-China deal on the beleaguered semiconductor maker,…
The European Union does not believe its industries are covered by a “de facto removal” of China’s historical restrictions on the export of rare earths and other critical minerals announced by the White House on Saturday. In a fact sheet detailing the outcomes of US President Donald Trump’s summit with Chinese President Xi Jinping last…
Wingtech Technology, the Chinese owner of Nexperia, has named experienced general counsel Sophie Shen Xinjia, a Columbia Law School graduate, as its president amid a Sino-Dutch dispute over control of the Netherlands-based chipmaker. Shen’s tenure as president would be in line with that of Wingtech’s 12th board, which was formed in January and will expire…
The European Union welcomed China’s suspension of expanded rare earth restrictions imposed last month, even as crisis talks in Brussels on Friday appeared to yield no relief for European firms still constrained by the original export controls. After a full day of talks in the Belgian capital, the European Commission described the pause in controls…
The platform, which commenced operations on Tuesday, was jointly established by two state-owned enterprises (SOEs): China Reform Holdings, an investment vehicle focused on industries related to national security and the economy, and research institute China Automotive Technology and Research Centre. According to the firms’ joint announcement at an industry conference in Shenzhen on the same…
Nexperia has withheld access to work accounts and halted salaries for its employees in China, according to local news reports citing a letter from the Chinese unit of the Dutch chipmaker, marking the latest escalation in a growing political dispute between the Netherlands and China. The Chinese unit of Nexperia informed customers on Friday that…
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,…
Workers at a large Nexperia packaging plant in the southern Chinese city of Dongguan said they are worried about becoming collateral damage in a simmering political dispute between the Netherlands and China that has upended the management of the Dutch semiconductor maker. During a visit by the Post on Thursday, operations at the factory appeared…
Super Typhoon Ragasa disrupted production of Apple’s iPhones in Shenzhen and crucial pre-holiday shipments by cross-border e-commerce merchants, as the year’s strongest storm barrelled towards southern China with heavy rain and hurricane-force winds. The world’s largest electronics contract manufacturer, Foxconn Technology Group, on Tuesday suspended assembly work at its Shenzhen unit – the innovative Product…