The Dutch government is reportedly ready to give up its control of Nexperia if Beijing allows its China unit to resume exports. Sources say that Nexperia may resume operations without government oversight as early as next week, provided that it has verified that chip shipments have restarted and that the financial issues between the Nexperia HQ and its China operations have been resolved, as reported by Bloomberg. The Netherlands seized control of this niche chip maker in early October after it raised concerns that its most important technologies were going to be transferred to Wingtech, its Chinese parent company.
Beijing responded to this move by blocking Nexperia China’s exports, which accounted for nearly 70% of the company’s global output. This move has threatened the global automotive supply chain, especially as Nexperia supplies nearly 40% of the chips used in automobiles. Although Beijing has softened its stance on the export control of Nexperia chips, with the Chinese Ministry of Commerce allowing companies to apply for exemptions so they can get their chip orders going again, this adds a layer of red tape, and approvals are released on a case-by-case basis.
