"Carmakers around the world are facing fresh uncertainty about their ability to continue production after China accused the Netherlands of failing to cooperate on resolving a dispute over the seizure of the chipmaker Nexperia. The Dutch government took control of the EU-based automotive chipmaker at the end of September because of concerns about the company's Chinese parent, Wingtech Technology. In response, China halted exports of Nexperia products, restricting access to the vital components used in everything from airbags to central locking."
"In an online statement on Tuesday, Beijing's commerce ministry called on the Dutch government to stop interfering in Nexperia's internal affairs and urged it to work in a constructive manner to ease supply chain issues. The Dutch side persists in its unilateral course without taking concrete actions to resolve the issue, which will inevitably deepen the adverse impact on the global semiconductor supply chain, the ministry said. Neither China nor the global industry wishes to see this."
China halted exports of Nexperia products after the Netherlands seized control of the EU-based automotive chipmaker over concerns about its Chinese parent, Wingtech Technology. The export restrictions have limited access to chips used in airbags, central locking and other automotive systems. Carmakers including Volkswagen, Honda and Nissan warned that production could stop, and the European Automobile Manufacturers' Association said some factory lines were days from halting. European suppliers sought exemptions from Beijing, while China accused the Netherlands of impeding resolution and urged cooperative action to ease global semiconductor supply-chain strain.
Read at www.theguardian.com
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