End of the crisis? The Netherlands would give up control over Nexperia again
If China allows the export of Nexperia products again, the Netherlands would relinquish control over the company. This is reported by Bloomberg.
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The Dutch government is prepared to relinquish control over Nexperia if China, in turn, allows the export of Nexperia products such as chips again. This is reported by the news agency Bloomberg according to anonymous individuals familiar with the matter. This could initiate a resolution of the conflict, which has primarily caused massive problems for the automotive industry. The basis for the now possible dispute resolution is reportedly the recent agreement in the trade dispute between China and the USA. According to the Dutch government The Hague and the EU Commission were subsequently informed that the People's Republic intends to lift an export ban on Nexperia products.
Solution in sight?
The issues with the chip manufacturer began when the Dutch government took control of the company, led by a Chinese parent company and based in Nijmegen. The application of a rarely used law was intended to prevent the migration of technological knowledge and intellectual property to China. The People's Republic reacted sharply and stopped the export of Nexperia products from China, which are not easily replaceable, particularly in the automotive industry. At VW, production stoppages seemed necessary at times, and at the automotive supplier ZF, short-time work was threatened. This could now apparently be prevented.
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Only on Thursday did Dutch Minister of Economic Affairs Vincent Karremans make it public that his country had been informed by China and the USA about the agreement. His government currently assumes that the supply of urgently needed semiconductors will reach Europe and the world “in the coming days.” They will monitor this closely and take the necessary steps. In return, The Hague will apparently then lift the decree with which control over the Dutch division of Nexperia was taken over. However, the government has not yet officially confirmed this. According to Bloomberg, financial issues would then still need to be clarified.
(mho)
