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Netherlands ready to drop control of Nexperia if chip supply resumes

Cover Image for Netherlands ready to drop control of Nexperia if chip supply resumes

Dutch economy minister says computer chips made by Nexperia will reach customers in Europe and the rest of the world in the coming days.

THE HAGUE: The Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg News reported today, citing people familiar with the matter.

Reuters could not immediately verify the report. Nexperia did not immediately respond to a Reuters request for comment.

Dutch economy minister Vincent Karremans said yesterday he believes computer chips made by Nexperia will reach customers in Europe and the rest of the world in the coming days.

Tags:auto industryChinachipchipmakerexportsNetherlandsNexperiathe USVincent Karremans


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