(Reuters) -The Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg
Netherlands May Lift Control Over Nexperia If Chip Exports Resume
Nexperia Control and Chip Supply
(Reuters) -The Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg News reported on Friday, citing people familiar with the matter.
Current Situation of Chip Supply
If the shipment of supplies resumes and is verified in the coming days, the Dutch are willing to suspend the ministerial order as soon as next week, the Bloomberg report said.
Impact on Auto Industry
Reuters could not immediately verify the report. Nexperia did not immediately respond to a Reuters request for comment.
Government's Stance and Future Outlook
A shortage of Nexperia chips following a dispute with China over ownership and control of the Dutch company has disrupted auto supply chains, hit production and caused some buyers to furlough staff. The chips are also widely used in industrial, computing, mobile and consumer products.
The Netherlands' economy minister, Vincent Karremans, said on Thursday he trusts computer chips made by Nexperia will reach customers in Europe and the rest of the world in the coming days.
(Reporting by Dheeraj Kumar in Bengaluru; Editing by Janane Venkatraman)
