Semiconductor drama alert 🚨: China is urging Dutch chipmaker Nexperia to send representatives to China for face-to-face talks on stabilizing the global chip supply.
Earlier this week, Ministry of Commerce spokesperson He Yadong said that, via the Dutch Embassy in China, they've asked the Dutch Ministry of Economic Affairs to push Nexperia to send a team over as soon as possible.
The move follows a letter from Chinese company Wingtech to Nexperia's independent directors and equity custodian, inviting them to discuss corporate control and restore smooth supply chain operations. It's a clear sign of Wingtech's commitment to resolving the issue.
Beijing says the dispute started after what it calls inappropriate administrative intervention by the Dutch government. In simpler terms, it's government interference, and China wants the Netherlands to set the right conditions for these talks.
To keep chip production on track, China has already granted export exemptions for civilian-use semiconductors. That's good news for smartphone brands and tech startups across South and Southeast Asia that rely on a steady chip flow.
Why you should care: Semiconductors power everything from your favorite apps and online games to electric vehicles and AI gadgets 🤖💡. Any delay in these negotiations could ripple through the tech ecosystem.
The bottom line? All eyes are on whether Nexperia will step up and send reps soon. If they do, we could see smoother talks and a more stable chip supply in the months ahead.
Reference(s):
cgtn.com
