China Puts Export Controls on Nexperia After Dutch Takeover
China is blocking Nexperia from exporting products from the Asian nation after the Dutch government moved to seize control of the chipmaker.
Beijing responded by moving to block its products from leaving China, which, in turn, raised the alarm among global automakers as they faced shortages of the chipmaker's components. In an apparent reprieve last week, however, the Dutch government said it had suspended its state intervention at Nexperia following talks with Chinese authorities.
The highly unusual move was reportedly made after the U.S. raised security concerns. Beijing responded by moving to block its products from leaving China, which, in turn, raised the alarm among global automakers as they faced shortages of the chipmaker's components.
Dutch chipmaker Nexperia has published an open letter urgently calling on its China unit to help restore supply chain operations.
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