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Nexperia's China parent Wingtech declares cash-flow risk despite massive 280% profit surge - car production shutdowns loom as Dutch state tightens grip

Wingtech, the Chinese parent company of Dutch chipmaker Nexperia, has warned investors of a potential cash flow squeeze if it fails to regain operational control of its European subsidiary.

Tom’s Hardware

Nexperia China snubs Dutch HQ amid spat that threatens automotive production — says order to dismiss executive violates labor laws

Nexperia's China subsidiary refuses to follow its HQ's order to vacate the position of John Chang, its VP for global sales and marketing, citing conflict with Chinese law.

Tom’s Hardware

Tech Brief (Oct. 24): China Vows to Accelerate Tech Self-Reliance

Intel returns to profitability, Neolix raises over $600 million

Caixin Global

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Nexperia fallout threatens automobile production as Japanese carmakers warn of supply disruptions while European companies prep assembly line shut-downs — mature-node chip market in crisis as supply dwindles

Japan's Automobile Manufacturers Association warned that Nexperia's disrupted chip supply could halt vehicle production across Japan, as Volkswagen is reportedly preparing to suspend assembly of Golf and Tiguan models as early as next week.

Tom’s Hardware

Battle between Netherlands and China over chipmaker could disrupt car factories, companies say

Volvo, VW and Nissan among companies that could face supply problems due to Dutch takeover of Nexperia

The Guardian - UK

Business Brief (Oct. 22): Gold Suffers Sharpest Intraday Drop in 12 Years

Trump says he will visit China early next year, U.S. and Australia sign critical minerals pact

Caixin Global

Will the EU's climate goals be affected by Washington's trade war?

US pressure and Chinese restrictions on rare earth metals are disrupting EU supply chains, challenging the bloc's climate goals and increasing dependency on foreign resources.

Euronews

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Embattled Dutch chipmaker Nexperia blasts ousted CEO over false accusations — claims of unpaid salaries and independent operation in China are 'falsehoods', say company

The ousted ex-CEO of Dutch chip firm, Nexperia, has reportedly been claiming that Chinese workers can defy Dutch administrators and that staff haven't been paid. Dutch management denies these claims, calling them "factually incorrect and misleading."

Tom’s Hardware

Microchip factory in Netherlands caught in tussle between Europe, China and US

Dutch authorities have, for the first time ever, invoked Cold War-era legislation to take control of a Chinese-owned microchip factory – prompting backlash from China. The move underlines the intensifying competition between the United States, China and Europe for global leadership in semiconductor technology.

Radio France Internationale

Dutch Nexperia takeover saga partly driven by CEO misappropriating $200 million to rescue failing private interests, court records show — U.S. diplomatic pressure may also have played a role

The Dutch government's decision to take over control of Dutch chip manufacturer, Nexperia, wasn't just driven by its desire to retain the company's technology within the bounds of the EU and the Netherlands. The CEO is alleged to have tried to use company funds to make purchase orders at his…

Tom’s Hardware

Chipmaker Nexperia Says Banned From Exporting From China

Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.

International Business Times

US raised concerns about Chinese boss of chipmaker before Dutch takeover

Court papers show Netherlands was warned in June that Nexperia might not be able to export to US with him in post

The Guardian - UK

China retaliates in response to Dutch seizure of Nexperia, blocking chipmaker's exports following takeover — 861,000 square foot assembly site in Gaungdong affected as trade war spirals

In retaliation against the Dutch government seizing control of the Dutch chip company, Nexperia, from its Chinese parent company, China has now blocked Nexperia from exporting products from the Asian-country, raising trade tensions amidst ongoing trade talks with the US.

Tom’s Hardware

Netherlands seizes control of Chinese-owned chipmaker under Cold War-era law

European country claims highly exceptional law invoked to protect economic security

The Independent UK

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International Business Times UK

Nexperia: Dutch Government Takes Control of China-Owned Chip Firm

The Dutch government seizes control of China-owned Nexperia to protect critical chip tech amid rising geopolitical tensions.

Benzinga

'The West Is Scared' Of China—And It's Starting to Show

The fear is no longer whispered—it's policy. Western governments are scrambling to contain China's growing leverage, not because of what Beijing has threatened, but because of what it's quietly starting to do.

Tom’s Hardware

Dutch government seizes local chipmaker from its Chinese owner — Nexperia parent company Wingtech preps response to 'exceptional' steps taken to safeguard 'crucial technological knowledge'

The Dutch government has taken control of the Chinese-owned Nexperia, an automotive and consumer chip production company, for national security reasons. It's claiming that to prevent key technologies from leaving European and Dutch soil, it needs to put hard blocks in place.

Caixin Global

Business Brief (Oct. 13): Beijing Decries U.S. ‘Double Standards’ on Trade Controls

China to levy special port fees on U.S. ships, Dutch government orders asset freeze at Chinese-owned Nexperia

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Euronews

Netherlands invokes rare emergency law to take charge of Chinese chipmaker

The Dutch government has taken temporary control of Chinese-owned chipmaker Nexperia under emergency legislation, citing risks to national and European security and marking one of the most forceful state interventions in Europe’s tech sector to date.

TechRadar

Ransomware attack hits top chipmaker Nexperia, huge hoard of data set to be leaked

A terabyte of Nexperia data could soon leak to the dark web, unless the ransom demand is met.

The Guardian - UK

Welsh semiconductor factory ‘left in limbo’ as Westminster fails to approve US takeover

Labour criticises government ‘dithering’, after Vishay deal last autumn to buy chip maker Newport Wafer Fab stalls, putting jobs at risk

The Guardian - UK

UK plans U-turn on powers to halt company takeovers on national security grounds

Change of tack has government treading fine line between being ‘more business friendly’ and defending national interest

The Independent UK

Why is China considered a threat to the UK and how is the Government responding?

Prime Minister Rishi Sunak confronted Chinese premier Li Qiang hours after news emerged of two arrests under the Official Secrets Act.

Wales Online

Chinese owners of Welsh microchip plant Nexperia look at sale options

The UK Government has ruled that Nexperia sells the plant on national security grounds but the firm still intends to fight the decision through a judicial review

Birmingham Post

Nexperia appoint advisers to look at possible sale of its Newport microchip factory

The company is still seeking to overturn a divestment ruling from the UK Government through a judicial review

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