Netherlands returns control of Nexperia to Chinese owner
The Dutch government has suspended its powers over chipmaker Nexperia, handing back control to its Chinese owner and defusing a standoff with Beijing that had begun to hamper automotive production around the world.The order that gave the Netherlands powers to block or revise decisions at Nijmegen-based Nexperia was dropped as “a show of goodwill,” Economic Affairs Minister Vincent Karremans said Wednesday, adding that discussions with Chinese authorities are continuing.“The Nexperia group currently shows no signs of continuing the behavior that prompted my order, nor any intention to do so,” the minister said in a letter to parliament on Wednesday.
