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…
By Che Pan and Brenda Goh BEIJING (Reuters) -Nexperia’s China unit has respected Chinese laws and has the right to operate independently, it said on Saturday, a day after the Netherlands said talks had begun to try to ease tensions over export controls. As Nexperia became entangled in trade frictions between the United States and…
Earlier this week, the European Union disclosed plans that it could force Chinese firms to hand over technology and intellectual property to European companies if they want to operate locally. That is ironic as it seems only yesterday that Westerners were accusing China of forced tech transfer and violating intellectual property rights. The latest push…
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,…
By Rachel More BERLIN (Reuters) -European carmakers could face significant disruption to manufacturing without a swift resolution to a trade and intellectual property dispute over chipmaker Nexperia between China and the Dutch government, an industry association warned on Thursday. The dispute could cause further strain on Europe’s automotive sector, whose carmakers and suppliers are already…
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…
The Dutch government has taken control of the Chinese-owned chip company Nexperia after pressure from Washington, a move underscoring how countries find themselves between the United States and China in the race for technological advantage. The Nijmegen-based company specializes in low-end chips for consumer electronics, automotive, and industrial sectors and has manufacturing facilities in Germany…
Chinese electronic-parts supplier Wingtech is the latest company to face a setback amid the US-China tech war, after Dutch authorities froze control of its local subsidiary in a sign of new risks for Chinese tech firms’ overseas investments. The rare move by local authorities was the latest example of increasing operational risks for Chinese tech…
In a move that could dent China’s relations with the European Union, Chinese technology company Wingtech said control of its Dutch subsidiary Nexperia has been effectively frozen, following an intervention by a government ministry and court in the Netherlands. In a corporate filing dated October 13, lodged with the Shanghai Stock Exchange on Sunday, Wingtech…