China tells Netherlands to reverse Nexperia intervention

China demands the Netherlands to undo its intervention in chipmaker Nexperia, warning that the move is disrupting global semiconductor supply chains.

Transcript

00:00China is urging the Netherlands to reverse actions against chipmaker Nexperia,

00:05warning they are disrupting the global semiconductor supply chain.

00:10Beijing says Dutch measures are creating obstacles to chip production

00:14and has called on the Netherlands to act responsibly.

00:19China's Commerce Ministry criticised the Netherlands for continuing along what it called an incorrect path

00:25and said it had taken no meaningful steps to address the situation.

00:29Tensions escalated in September when the Dutch government moved to take control of Nexperia,

00:34a subsidiary of the Chinese-owned technology firm Wingtech.

00:38Dutch authorities said it wanted to prevent company secrets and production from being transferred to China.

00:44China responded by blocking the export of Nexperia's chips, most of which are packaged in China.

00:51Wingtech has since confirmed that it is in discussions with court-appointed custodians

00:56over control of the Netherlands-based chipmaker.