China has told the Netherlands to “Stop Begging” over seized chipmaker Nexperia, accusing it of perpetuating a dispute that has ravaged the global auto industry.
The Dutch Government took control of the semiconductor-maker at the end of September amid US security concerns about China’s Chinese parent Chants, Wentech Technology.
In response, China halted exports of Nexperia products, restricting access to essential components for airlines in the EU, the UK and Japan to issue warnings of deficiencies with deficiencies.
The EU is in the middle of urgent talks with Beijing to lift export controls on chips and other key minerals, after a summit with officials in Bridsels on Friday.
On Tuesday, however, China signed its decisions in the color of the NEXPERIA dispute, accusing the Dutch of exporting export issues and urging them to work in a “beneficial way” to ease the issues in the chain.
“The Netherlands continues to act unilaterally without taking concrete steps to resolve the issue, which will inevitably have a negative impact on the commerce chain,” said China’s administration of Commerce. “Neither China nor the world industry wants to see it.”
In a statement on Tuesday, the European Commission said it had begun progress on Friday and BEIJING was committed to further restrictions on car explosive devices.
The Commission of the Commission of EU Ambassadors on Wednesday and the questions of the member states to report back on Friday on the impact of the factories on their factories. EU carmakers warned last week they were “days away” from stopping production.
Trade tensions in the EU contrasted with the truce hit by China and the US on Thursday. The White House said in its reading after the agreement that China “Eliminate” All “Current and Proposed Exports of Rare Earth Elements and other critical materials” and end semiconductor “retaliation”.
After the newsletter promotion
The Dutch government invoked a Dutch ERA law when it took control of the chipmaker, moving its chair, Zhang Xuezheng, in part out of fear that it might transfer intellectual property to another company owned by another company.
It also comes after the US raised concerns over the summer about Nexperia’s management. Court documents show the US Bureau of International Security and the Dutch Foreign Ministry are not convinced that the company’s CEO is still the COO that should be replaced. “
The controversy erupted last week when Nexperia told customers all of the Chinese manufacturer’s devices were suspended. Although NEXPERIA’s chips are manufactured in Europe, about 70% are packaged in China before distribution.
Wiltech said the Dutch government’s actions “appear to be aimed at allowing a new Dutch-owned company to take over NEXPERIA”. It warned that “any NEXPERIA-successor company will be doomed to failure”, adding that “80% of NEXPERIA’s back-end-end-end capacity is within Mainland China”.
A spokesman said: “If this matter is not taken care of, there will be no company left for customers who will not be exposed to the full extent of its concerns.”
The Dutch Economic Affairs Ministries told Reuters that talks between the two governments have not yet taken place. “We remain in contact with the Chinese authorities and our international partners to work on an important solution that is good for Nexperia and our economies.
The dispute adds to the chaos that Auto manufacturers faced with a cyber attack that forced Jaguar Rover, to stop production in September.
JLR’s production ramp-up continued, supporting a slight boost at UK factories in October. Experts estimate the attack cost the UK economy around £1.9bn, affecting 5,000 organizations within the company’s supply chain.