The Dutch Minister of Economic Affairs will meet with Chinese officials in a few days to discuss resolving the impasse over Nexperia
According to Reuters, Dutch Minister of Economic Affairs Vincent Karamans said he expects to meet with Chinese government officials in a few days to discuss how to resolve the impasse surrounding chipmaker Nexperia.
Karamans said in an interview on the Dutch TV program Buitenhof that China "believes we are collaborating with the United States" to intervene in Nexperia's affairs. However, this action was actually aimed at preventing the company's former Chinese CEO from transferring its business and intellectual property out of Europe.
Wangzhi Technology announced on October 12 that on September 30, local time in the Netherlands, the Ministry of Economic Affairs and Climate Policy of the Netherlands issued a ministerial order to Nexperia, requiring Wangzhi Technology's Nexperia and all its subsidiaries, branches, offices, and other 30 global entities to make no adjustments to their assets, intellectual property, business, and personnel, with an effective period of one year.
The Dutch government stated on October 12 that there are serious governance deficiencies within Nexperia Semiconductor, which may threaten the continuity and security of key technologies in the Netherlands and Europe, posing a risk to economic security. For the next year, Nexperia Semiconductor can only take decisive actions with government approval.
Subsequently, the Chinese government banned the export of products and components produced in China by the company.
Nexperia Semiconductor is an important supplier of automotive basic chips. Although the chips produced by the company are not cutting-edge, their production volume is huge, mainly produced in Hamburg, Germany, then transported to China for packaging, and then distributed to the global automotive industry. Car manufacturers are concerned that if the impasse continues, before finding alternatives, the supply chain may face shortages.
Karamans pointed out that Chinese car companies also need Nexperia Semiconductor's chips. "We have a mutual dependence relationship... everyone has an interest... to work together to solve this issue."
Karamans said that Dutch diplomats have been working to ease the impasse, and he himself will meet with the Chinese minister responsible for the matter in a few days. "This issue has been discussed at the highest level."
Previously, the parent company of Nexperia Semiconductor, Wangzhi Technology, responded that the Dutch government's measures were excessive intervention based on geopolitical bias, rather than a fact-based risk assessment.
On the 13th, Lin Jian, spokesperson for the Chinese Foreign Ministry, stated that China has always opposed the generalization of the concept of national security and taking discriminatory approaches against enterprises of specific countries. Relevant countries should truly abide by market principles and not politicize trade and economic issues. The determination of the Chinese government to safeguard its legitimate and proper rights and interests is firm and unwavering.
Original: www.toutiao.com/article/1846461685394442/
Statement: This article represents the views of the author.