The Dutch government lifted its order seizing control of Chinese-owned chipmaker Nexperia, easing a dispute that had raised global concerns over an escalating chip shortage.
00:00In other news, the Dutch government has lifted its order taking control of Chinese-owned chipmaker Nexperia.
00:07The decision ends a bitter standoff with China that had raised concerns among global automakers about a worsening chip shortage.
00:16The decision follows what the Netherlands described as constructive talks with Beijing with further discussions planned.
00:23The Dutch government took control of Nexperia on September 30 over national security concerns and the risks of sensitive technology being transferred to its Chinese-parent company, Wingtech Technology.
00:36Beijing retaliated by halting exports of Nexperia's finished products on October 4, a restriction it has since eased.
00:43Nexperia, a key supplier of basic chips to the automotive industry, saw production disrupted during the dispute, threatening global carmakers with slowdowns and shutdowns.
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