SHANGHAI (Reuters) – The Chinese government said on Saturday (8) it is waiting for concrete action from the Netherlands to resolve a dispute over chipmaker Nexperia that has led to a shortage of the company’s chips and threatened car production.
China’s Ministry of Commerce said it agreed to a Dutch request to send representatives to Beijing for talks on Nexperia, which is based in the Netherlands but owned by Chinese company Wingtech.
“We are conducting constructive talks (with China) and will take appropriate constructive measures when necessary,” a spokesperson for the Dutch Ministry of Economic Affairs said in response on Saturday.
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“At this time, we cannot discuss the content of ongoing conversations.”
The Netherlands intervened in Nexperia, a leading maker of basic chips used in car electrical systems, on September 30, saying it needed to do so to stop the company moving production from Europe to China. China responded by blocking the export of the company’s finished products on October 4, which led to shortages.
China has begun offering automakers exemptions to export restrictions on a case-by-case basis following a deal with the US.
(Reporting by Andrew Silver and Toby Sterling)
