On Sunday, the Netherlands' Economy Minister, Vincent Karremans, stated that he expects to meet with a Chinese government official in the coming days to discuss how to resolve the standoff over Nexperia NV, a computer chip maker whose issues are threatening global automotive supply chains.
The Dutch government took control of Nexperia, a subsidiary of China’s Wingtechnand a key supplier of essential chips for cars, on September 30. In response, the Chinese government imposed a ban on exports of the company’s finished products.
In an interview on the Dutch television show Buitenhof, Karremans explained that while the Chinese believe the Dutch are aligning with the Americans on the Nexperia intervention, the action was actually intended to prevent the company’s former Chinese CEO from transferring operations and intellectual property out of Europe.
The standoff is causing concern within the automotive industry, as Nexperia's chips, while not the most advanced, are produced in large volumes, primarily in Hamburg, Germany, before being sent to China for packaging and distribution to the global car industry. Carmakers are worried about potential shortages in their supply chains if a resolution is not reached soon.
Karremans also highlighted the interdependent relationship between Chinese carmakers and Nexperia, noting, "We have a mutually dependent relationship. Everyone has an interest... to solve this together."
Nexperia reported a net profit of $331 million in 2024, making it a valuable asset for Wingtech. Karremans mentioned that Dutch diplomats have been working to resolve the dispute, and he is scheduled to meet with the Chinese minister responsible for the matter in the coming days. "This is being discussed at the highest level," he said.
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The U.S. State Department has authorised a potential Foreign Military Sale of Advanced Medium Range Air‑to‑Air Missiles (AMRAAM) to Denmark, aimed at bolstering the Scandinavian nation’s air defence capabilities, the Pentagon’s Defence Security Cooperation Agency said on Monday.
Canadian Prime Minister Mark Carney has announced the appointment of Mark Wiseman, a former global investment banker and head of Canada’s largest pension fund, as the country’s next ambassador to the United States.
Vince Zampella, co-creator of the Call of Duty gaming franchise, has died in a car crash involving a Ferrari crash on Monday in Los Angeles, United States.
Israeli Prime Minister Benjamin Netanyahu said Israel is monitoring recent Iranian military exercises and will raise the issue with U.S. President Donald Trump during his visit to Washington next week.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Israel’s government has approved the creation of 19 new Jewish settlements in the occupied West Bank, a move that analysts say further undermines the prospects for a viable Palestinian state.
The European Union stands at a crossroads: to receive new members and accelerate the enlargement process in order to strengthen its role in the international arena, or to risk strategic stagnation by delaying expansion in favor of internal reform.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
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