Dutch Government Returns Nexperia to Chinese Owner
Update: 2025-11-19
Description
Dutch Government Returns Control of Nexperia to Chinese Owner, Averting Crisis for European Car IndustryThe Dutch government has reversed its decision to take over Nexperia, a key microchip maker, from its Chinese owner, Wingtech. This move comes after a tense standoff that had caused significant problems for European car manufacturers. The Netherlands had initially taken control of Nexperia in October due to concerns about the companys management and the security of vital microchip supplies. However, following an intervention by the US president and Chinas indication to relax its export ban on Nexperias technology, the Dutch government decided to suspend its order under the Goods Availability Act. This decision averts a crisis for the European car industry, which heavily relies on Nexperias chips.
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