China asks Dutch government to encourage Nexperia to negotiate | Businesses

Nexperia is in conflict with Wingtech since the Dutch government took control of the company in September. The Chinese government responded by suspending exports of finished Nexperia products, triggering a chip shortage for global automakers.

Both governments eased their measures last month, but legal struggles and an internal battle continue for control of Nexperia, with China and Wingtech warning that outages could resurface if a long-term solution is not found quickly.

China called on the Dutch government to implement the consensus reached to encourage negotiations between Nexperia and Wingtech, urging the chipmaker to send representatives to China as soon as possible for negotiations, it said. He Yadongspokesperson for the Chinese Ministry of Commerce.

He told a regular news conference that the Dutch government should cancel its takeover and “facilitate the withdrawal of the lawsuits” brought by Nexperia’s European executives in an Amsterdam-based court.

These actions led to the removal of the CEO at the time, Zhang Xuezheng, also founder of Wingtech, as well as the transfer of shares of the Chinese controlling company to the control of a Dutch lawyer.

This is the first time the Commerce Ministry has publicly expressed this request, underscoring Beijing’s growing impatience with the fact that Wingtech’s control over Nexperia has not yet been restored.

The Dutch Ministry of Economic Affairs did not immediately respond to a request for comment on He’s remarks.

Wingtech said on Wednesday (10) that it had invited the court-appointed directors of Nexperia to China for interviews.