At a meeting in Brussels last month, foreign ministers from the European Union’s 27 member states sat down to discuss the bloc’s plans for the Indo-Pacific region. The conversation, according to several people familiar with it, lasted just seven minutes. It is perhaps unsurprising, then, that officials, diplomats and experts are groaning about the lack…
AMSTERDAM (Reuters) -The Netherlands’ economy minister, Vincent Karremans, said on Thursday he trusts computer chips made by Dutch chipmaker Nexperia will reach customers in Europe and the rest of the world in the coming days. A shortage of Nexperia chips following a dispute with China over ownership and control of the company has disrupted auto…
AMSTERDAM (Reuters) -Computer chipmaker Nexperia expects to resolve a crisis over control of the company, it said on Thursday, but warned customers it cannot guarantee products made in China after October 13 are authentic and meet quality standards. The Dutch company’s statement said that facilities in other countries are operating as normal. The Dutch government…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Nexperia fallout: chip spat reignites EU debate over Chinese investments The saga of Netherlands-based and Chinese-owned chipmaker Nexperia, caught up in broader geopolitical tensions between the United States and…
By Eduardo Baptista, Toby Sterling and Gilles Guillaume BEIJING/AMSTERDAM/PARIS (Reuters) -The Chinese government slammed the Netherlands on Tuesday over its seizure of chipmaker Nexperia, blaming it for jamming up a resolution to a dispute that has disrupted auto sector supply chains, hit production and caused some firms to furlough staff. Nexperia, Chinese-owned but based in…
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…
With the United States and China striking what the White House has called a “historic” agreement, trade tensions between the world’s two largest economies – after months of simmering – appear to be entering a phase of de-escalation. Here, the Post explores what the fact sheet has revealed about the commitments made by the US…
Exterior view of the building that houses Nexperia’s headquarters in Nijmegen, the Netherlands. (EPA Images pic) BEIJING: Dutch chipmaker Nexperia’s China unit said on Sunday that it had established “sufficient inventories of finished goods and work-in-progress” and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended…
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…
China said on Saturday it will exempt some Nexperia chips from an export ban that was imposed over a row with Dutch officials and has alarmed European businesses. Anxiety over chip shortages began when the Netherlands invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is…