"The Netherlands issued an order in September, blocking Nexperia from making important decisions without government approval, citing concerns that its Chinese owner, Wingtech, was seeking to relocate European production to China and the need to ensure chip supplies. The order came after the United States warned the Dutch government that Nexperia would likely be placed on Washington's sanctions list unless it replaced its Chinese CEO, Zhang Xuezheng."
"The Dutch government, which has denied acting under US pressure, announced last month that it had suspended the order, issued under the Cold War-era Goods Availability Act, following constructive talks with Beijing. However, a Dutch court ruling that forced out Zhang over alleged mismanagement remains in effect. It is perplexing that, in the face of global industry anxiety and unease, the Dutch side remains unmoved and stubbornly clings to its position, showing no responsible attitude toward the security of the global semiconductor industry"
China and the Netherlands are in a dispute over control of Nexperia, a Chinese-owned chipmaker producing low-end semiconductors for cars and electronics. The Netherlands issued an order in September blocking Nexperia from making important decisions without government approval, citing concerns that owner Wingtech might relocate European production to China. The US warned the Dutch government that Nexperia could face Washington's sanctions unless it replaced CEO Zhang Xuezheng. The Dutch government suspended the order after talks with Beijing, but a court ruling forcing out Zhang remains in effect. China demanded the Netherlands cease administrative interference and blocked exports of finished chips.
Read at www.aljazeera.com
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