Netherlands, China Seek Resolution Over Seized Chipmaker Nexperia Amid Export Block

The Netherlands’ Economy Minister Vincent Karremans said on Tuesday that he had held talks with Chinese Minister of Commerce Wang Wentao regarding Nexperia BV, the Dutch chipmaker the government seized control of last month. The seizure, which heightened tensions between the two nations, prompted China to block exports of Nexperia’s products, sparking concern among European automakers that rely heavily on its chips.

Karremans noted that both sides discussed “further steps toward reaching a solution” that would serve the interests of the company as well as both the Chinese and European economies. The move marks a potential step toward easing the diplomatic standoff that has disrupted semiconductor supply chains across Europe.

Meanwhile, Nexperia’s China-based operations have begun asserting autonomy in the wake of the dispute, informing employees they can reject “external instructions.” Nexperia remains a subsidiary of Shanghai-listed Wingtech Technology Co. Ltd. (600745.SS), which manufactures and packages most of the company’s chips in China.

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