Netherlands

Wingtech seeks to restore Nexperia control as chip feud lingers

Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud

Nexperia’s Dutch unit said in an open letter that it had made repeated and multiple attempts to restore dialogues but has failed to receive a response from its Chinese units.

Dutch chipmaker Nexperia urges Chinese units to help restore supply chain

DUTCH chipmaker Nexperia, whose supply chain was broken up when the Dutch government took over the company in September, urged its Chinese units in an open letter on Thursday to help restore normal pr...

Wingtech urged Nexperia to put forward a “constructive, sincere solution” to restore the company’s lawful control and full shareholder rights.

Wingtech urges Nexperia to respond on control dispute as it appeals Dutch decision over ownership

The Dutch suspend their Nexperia intervention but but do not revoke the original Sep 30 ruling

Beijing has in recent weeks eased export controls imposed in early October on Nexperia chips packaged in China, providing temporary relief to automakers and their suppliers worldwide.

China’s Wingtech says its control over Nexperia must be restored

Beijing has warned that the court ruling need to be resolved before supply chains return to normal

ABN Amro has sought to increase and rejuvenate its client base, and recently acquired a wealth manager in Germany.

ABN Amro to buy NIBC Bank from Blackstone for 960 million euros

The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing

In a further sign of a cooling of tensions, the Dutch government said in a statement late on Thursday (Nov 6) that it expects Nexperia’s Chinese unit to resume chip supplies in the coming days.

Netherlands ready to drop Nexperia control if China chip exports resume: sources

The Dutch are willing to suspend the ministerial order as soon as next week

The Dutch government triggered a dispute with Beijing by assuming veto powers over Nexperia in late September.

Nexperia says payment dispute led to supply break with China

The company cannot guarantee the quality or authenticity of its chips delivered from China after Oct 13

Nexperia says that the China unit’s refusal to pay for the wafers shipped to its factory “is not an isolated incident”.

Nexperia says it halted supply after China unit refused to pay

The Dutch company supplies power control chips used by automakers from Volkswagen to BMW

Nissan said it would implement “small-scale production adjustments” during the week of Nov 10 involving several hundred vehicles at the Kyushu plant and its Oppama plant.

Nissan to cut Rogue production in Japan over Nexperia fallout: source

The automaker plans to cut output of the Rogue sport-utility vehicle by about 900 vehicles in the week starting Nov 10

Beijing’s warning of further disruptions comes as European automotive suppliers rush for exemptions to Chinese export restrictions on Nexperia products made in China.

China accuses Netherlands of not working to fix Nexperia dispute

The resulting chip shortages have threatened to halt assembly lines and lead to worker furloughs in Europe