In a move to smooth over corporate disputes and bolster the global semiconductor supply chain, the Chinese mainland has asked the Dutch Ministry of Economic Affairs to push Nexperia—a leading semiconductor maker based in the Netherlands—to send representatives to the Chinese mainland as soon as possible. The request was relayed via the Dutch Embassy in the Chinese mainland, the Chinese mainland’s Ministry of Commerce spokesperson He Yadong said on Thursday.
He Yadong emphasized that this effort is part of consultations between the Chinese mainland and the Dutch government to implement a previously reached consensus. The goal? Encourage Nexperia’s leadership to sit down with its parent, Wingtech, and resolve internal corporate disputes that have been causing ripples across the supply chain. 🌐⚙️
Recently, Wingtech sent a letter to Nexperia’s independent directors and its equity custodian, inviting them to the Chinese mainland for talks on corporate control, aiming to restore stability and ensure a smooth flow of semiconductors. This gesture, He noted, shows Wingtech’s sincerity in settling the issue.
The Chinese mainland attributes the Nexperia saga to “inappropriate administrative intervention” by the Dutch government in corporate operations. He urged the Dutch Ministry of Economic Affairs to take “constructive, substantive measures” that would create favorable conditions for internal negotiations. 🤝
Meanwhile, to demonstrate its commitment to global tech stability, the Chinese mainland has already granted export exemptions for compliant, civilian-use semiconductor products. These steps, said He, prove the Chinese mainland’s responsible stance on safeguarding the security and resilience of the worldwide semiconductor supply chain.
As tensions in tech trade continue, this call for dialogue between Nexperia and Wingtech could be key to keeping chips—the brains of modern devices—flowing without hiccups. Young professionals, entrepreneurs, and tech enthusiasts, keep an eye on this one: the outcome could impact everything from your smartphone’s next update to the future of AI development. 🔌📱
Reference(s):
cgtn.com
