The Chinese government has urged the Netherlands that Dutch officials “correct their mistakes” regarding the takeover of chipmaker Nexperia, and help in restoring the global chip supply chain. In a statement released this week, the Chinese commerce ministry described the Dutch administrative interference as “inappropriate” and “perplexing”.“China once again urges the Netherlands not to act…
Export controls may have been the economic weapon of choice in 2025, but the Dutch minister at the centre of the Nexperia crisis has admitted he was blindsided by Beijing when it blocked the company’s chips from leaving China. “An assessment was made of possible counterreactions; this wasn’t the most likely reaction from China,” said…
More than two years after launching its economic security strategy and with the world swept up in economic warfare, the European Union still cannot decide what economic security means. Despite this, under the strain of US tariffs and Chinese export controls, the bloc is preparing to unveil a new “economic security doctrine” in early December,…
While the Dutch government has offered goodwill in the dispute over control of Nexperia, a Chinese-owned, Netherlands-based chipmaker, the crisis is far from over. China’s Ministry of Commerce on Wednesday welcomed the Dutch government’s revocation of an executive order taking control of the firm. But it also noted that a Dutch court ruling remained a…
A senior US Democrat is urging the Commerce Department to investigate four Chinese semiconductor firms potentially tied to Dutch chipmaker Nexperia, warning they could threaten the safety and reliability of components used in cars across the US and its allies. The request marks the latest twist in the turmoil surrounding the Chinese-owned firm, which has…
The dispute over chipmaker Nexperia that has unsettled the global automotive industry appears to be easing, as the Dutch government announced on Wednesday (November 19) that it is suspending its intervention in the company. The decision follows what the Netherlands described as constructive talks with China regarding the supply shortages that have hampered car manufacturers…
Under pressure from Beijing’s chokehold on rare earths and the simmering feud over chipmaker Nexperia, EU officials have been asked to tone down their public rhetoric on Beijing, even as the bloc moves forward aggressively with its de-risking plans. Brussels is in “de-escalation mode”, several official sources confirmed, as it looks to convince China to…
President and CEO of Dutch computer chip equipment supplier ASML, Christophe Fouquet, speaks as he publishes fourth quarter results, days after chip stocks were shaken by fears that efficiency advances by Chinese AI firm DeepSeek will lead to less spending on advanced chips, in Veldhoven, Netherlands, January 29 2025. REUTERS/Piroschka van de Wouw Source link
ASML’s CEO said the Dutch chip-gear maker has not been affected by tensions between The Netherlands and China over the Dutch government’s takeover of chipmaker Nexperia. “It will not affect our business in the short term”, ASML CEO Christophe Fouquet said in a Dutch television interview, adding he believes the worst of the crisis is…
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…