By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief
EU Pursues Diplomatic Resolution with Nexperia Amid Supply Concerns
EU's Approach to Nexperia and Supply Chain Challenges
By Foo Yun Chee and Inti Landauro
Meeting with Nexperia
BRUSSELS (Reuters) -The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief Henna Virkkunen said on Friday after a virtual meeting with the Chinese-owned company.
Impact on Automakers
"An important meeting this morning with @TeamNexperia, where I reaffirmed our determination to work towards a diplomatic breakthrough. We discussed potential short- and medium-term measures to strengthen the resilience of our supply chain," she said on X.
Investing in Supply Chain Security
Virkkunen said Nexperia has been invited to the Chips Act Task Force, which is collecting information on the potential economic impacts of the supply crunch.
Nexperia, owned by Chinese company Wingtech, has been in the spotlight after the Dutch government took control of it earlier this month.
The move prompted Beijing to block Nexperia products from leaving China, sparking concerns among automakers worldwide.
Nexperia subsequently suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers seen by Reuters.
Virkkunen said the issue underscored the importance of investing in a secure supply chain, stockpiling and diversifying supplies.
(Reporting by Foo Yun Chee and Inti Landauro; Editing by Kirsten Donovan)
