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View all search resultsNetherlands ready to drop control of Nexperia if chip supply resumes: Bloomberg
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A machine in a production line of Dutch semiconductor company Nexperia is pictured on June 27, 2024, in Hamburg, Germany (Reuters/Fabian Bimmer)
T
he Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg News reported on Friday, citing people familiar with the matter.
Reuters could not immediately verify the report. Nexperia did not immediately respond to a Reuters request for comment.
Dutch economy minister Vincent Karremans said on Thursday he believes computer chips made by Nexperia will reach customers in Europe and the rest of the world in the coming days. He added that the Netherlands would "support these developments, and will take the appropriate steps on our part where necessary."
A spokesperson for Karremans' office said on Friday that the Dutch government would not comment on whether that would include ending the intervention, which gave the government veto rights over corporate decisions for one year from Sept. 30.
The Bloomberg report said Dutch authorities are willing to suspend the ministerial order as soon as next week, if the shipment of supplies resumes and is verified in the coming days.
A shortage of Nexperia chips following a dispute with China over ownership and control of the Dutch company has disrupted auto supply chains, hit production and caused some buyers to furlough staff. The chips are also widely used in industrial, computing, mobile and consumer products.
