Imagine your favorite smartphone or gaming console suddenly going offline because chip shipments got stuck in customs. That's the vibe in the global tech world right now as a row over Nexperia semiconductors heats up. 📱🎮
On Sunday, the Chinese Ministry of Commerce (MOFCOM) voiced its hope that the European side will step up efforts to urge the Netherlands to reverse recent measures blocking Nexperia-related products. China says the current disruption in the global semiconductor supply chain traces back to restrictions imposed by the Netherlands.
Responding to a comment by European Commissioner for Trade and Economic Security Maroš Šefčovič on social media, MOFCOM highlighted the Chinese mainland's responsible stance: it has exempted compliant civilian-use exports from licensing to keep shipments moving smoothly.
Now, Beijing is calling on the EU to use its influence and push the Netherlands to correct what China labels "wrong practices." The goal? To ensure a normal flow of chips and keep the global tech ecosystem running without hiccups. 🌐🔧
For tech investors, entrepreneurs, and students tracking international trade, this is a reminder of how interconnected our world has become, and how a policy change in one country can ripple through supply chains everywhere.
Stay tuned to see if the EU will answer Beijing's call and help clear the path for those crucial tiny wafers that power our digital lives. 🚀
Reference(s):
China welcomes EU to urge the Netherlands to correct wrong practices
cgtn.com
