Dutch Seek Solution to Stand-Off With China Over Chipmaker Nexperia, While Carmakers Fret | WION

The Dutch economy minister spoke to his Chinese counterpart on Tuesday but failed to find a solution to an impasse over chipmaker Nexperia BV, as Germany’s car industry warned it faces possible production shortages if the situation is not resolved quickly.
The Dutch government seized control of Nexperia last month, citing fears the company’s technology would be taken by its Chinese owner, Shanghai-listed Wingtech (600745.SS), opens new tab. China, where most of Nexperia’s chips are packaged, responded by blocking exports of the company’s finished products, alarming European carmakers that rely on them.

#china #dutch #wion

About Channel:

WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.

Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Join our WhatsApp Channel: https://bit.ly/455YOQ0
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Instagram: https://www.instagram.com/wionews/
Follow us on Google News for the latest updates

Zee News:- https://bit.ly/2Ac5G60
Zee Business:- https://bit.ly/36vI2xa
DNA India:- https://bit.ly/2ZDuLRY
WION: https://bit.ly/3gnDb5J
Zee News Apps: https://bit.ly/ZeeNewsApps

source