BEIJING: The Netherlands has suspended its administrative order regarding Nexperia, a semiconductor manufacturer owned by China’s Wingtech Technology, a move analysts see as a thaw in strained economic relations between the two countries that threatened chip supplies vital for global auto manufacturing.
The Dutch government’s decision to step back from taking control of Nexperia, which is based in Nijmegen in eastern Netherlands, should be followed up with the full revocation of the order and concrete actions to restore stability to the global semiconductor supply chain, they added.
On Thursday, China once again urged the Netherlands to swiftly and effectively seek an early resolution of the Nexperia issue. –The Daily Mail-China Daily news exchange item
