“We are positive about the measures already taken by the Chinese authorities to ensure the supply of chips to Europe and the rest of the world,” Karremans stated.
Alongside the Netherlands taking control of Nexperia, the U.S. and China imposed export controls on the company, disrupting the flow of critical chips to carmakers.
Chinese restrictions targeted Nexperia China, a key player in the company’s supply chain, while the U.S. extended earlier restrictions on Nexperia owner Wingtech to its subsidiary.
The Chinese side committed to ensuring the resumption of trade from Nexperia’s facilities in China as part of a larger trade deal with the U.S. earlier this month, the Dutch stated, seeking to ease diplomatic tensions after claiming a win on the continued flow of critical chips.
Under the original order, the Dutch government seized broad powers over significant decisions affecting the company’s production capacity, intellectual property, and its continuity and future.
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