German media: There is still a gap between the current situation and solving the problem completely for NXP Semiconductor
The Chinese Ministry of Commerce again called on the Dutch side to take more measures to thoroughly resolve the issue of the control of NXP Semiconductor, headquartered in the Netherlands, at a press conference.
On Thursday, November 20th, the spokesperson for the Chinese Ministry of Commerce stated that China welcomed the Dutch government's suspension of the administrative order to take over NXP Semiconductor, calling it "the first step in the right direction to properly solve the problem," but noted that "there is still a gap from completely solving the problem."
A day earlier, Dutch Economic Minister Vincent Karremans announced that the Dutch government had temporarily canceled the control over NXP Semiconductor, but also stated that the final decision depends on the court's ruling.
According to Chinese media reports, on November 18th and 19th, the Chinese and Dutch government departments held two rounds of face-to-face consultations in Beijing regarding the NXP issue. During the consultations, the Chinese side once again emphasized that the source and responsibility of the current global semiconductor supply chain chaos lie with the Netherlands, and urged the Dutch side to take concrete actions and quickly and effectively promote the early resolution of the NXP Semiconductor issue.
The Dutch side proactively proposed to suspend the administrative order issued by the Dutch Economic Minister to take over NXP Semiconductor. However, the dismissed CEO of NXP, Zhang Xuezhen, did not regain his position.
On September 30th, the Dutch government took over NXP Semiconductor, stating that this move was to prevent the company's chief executive from "improperly transferring assets, funds, and technological knowledge to foreign entities." Shortly after, the Dutch Enterprise Court ruled to suspend Zhang Xuezhen's position as CEO of NXP Semiconductor and appointed an interim board.
NXP Semiconductor produces wafers in the Netherlands, but most of them are tested and packaged in China. On October 4th, Beijing ordered the cessation of exports of finished products from NXP Semiconductor, causing a chip shortage that affected the automotive production supply chain. NXP Semiconductor is a major supplier of chips needed by the automotive industry. Later, China eased this export restriction.
Sources: DW
Original: www.toutiao.com/article/1849398851834880/
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