Netherlands returns control of Nexperia to Chinese owner
3 days ago
- #Netherlands
- #Semiconductors
- #China
- The Dutch government has returned control of Nexperia to its Chinese owner.
- This move ends a standoff with Beijing that was affecting global automotive production.
- Economic Affairs Minister Vincent Karremans stated the decision was made as 'a show of goodwill'.
- Discussions between Dutch and Chinese authorities are ongoing.