"China has noted the recent remarks made by Dutch minister of economic affairs Karremans in media interviews. China expresses extreme disappointment and strong dissatisfaction with such remarks that confuse right and wrong, distort facts and persist in a single-minded course. The profound lesson this semiconductor supply chain crisis has taught the world is that administrative measures should not be used to improperly interfere with corporate operations."
"Beijing imposed a worldwide ban on exports of chips from Nexperia at the start of October, almost bringing the global car industry to a halt. Its drastic action followed a decision by the Dutch government to take supervisory control of the Chinese-owned company at the end of September citing economic security issues. In the interview, Karremans said the Dutch government had received intelligence that the Chinese CEO was moving away intellectual property rights,"
China formally expressed extreme disappointment and strong dissatisfaction with remarks by Dutch minister Vincent Karremans, labeling the comments as confusing right and wrong, distorting facts and persisting in a single-minded course. Beijing called the semiconductor supply chain crisis a profound lesson that administrative measures should not improperly interfere with corporate operations. China imposed a worldwide ban on exports of chips from Nexperia at the start of October after the Dutch government took supervisory control of the Chinese-owned company citing economic security concerns. Dutch authorities justified the move by citing intelligence about intellectual property transfers, workforce changes and possible relocation of production from Hamburg to China.
Read at www.theguardian.com
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