Overview
- Dutch Economic Affairs Minister Vincent Karremans moved to take control of Nexperia’s Nijmegen operations, citing risks of technology leakage and governance concerns tied to CEO Zhang Xuezheng.
- Beijing condemned the intervention as a breach of contracts and market principles, and Nexperia’s China unit told staff to follow local management and ignore emails from a Dutch director.
- Chinese restrictions on shipments of Nexperia chips to Europe have raised immediate supply risks for carmakers, with German media reporting potential production pauses at Volkswagen.
- Germany convened crisis talks with automakers and suppliers as industry groups in Europe, the United States and Japan pressed for a rapid resolution to the chip disruption.
- Karremans held a call with Chinese Commerce Minister Wang Wentao to discuss next steps, while a Dutch union said Nijmegen employees have at least a one‑year employment guarantee.