SHANGHAI (Reuters) -The Chinese government said on Saturday it is waiting for concrete actions by the Netherlands to resolve a dispute over chipmaker Nexperia that has led to shortages of the
China Awaits Dutch Action to Address Nexperia Chipmaker Dispute
China and Netherlands Engage in Nexperia Negotiations
SHANGHAI (Reuters) -The Chinese government said on Saturday it is waiting for concrete actions by the Netherlands to resolve a dispute over chipmaker Nexperia that has led to shortages of the company's chips and threatened car production.
Background of Nexperia Crisis
The Chinese Commerce Ministry said it had agreed to a Dutch request to send representatives to Beijing for talks on Nexperia, which is based in the Netherlands but owned by Chinese firm Wingtech.
Current Status of Talks
"We are conducting constructive talks (with China) and will take the appropriate constructive steps ourselves when that's needed, a spokesperson for the Netherlands' Economic Affairs Ministry said in response on Saturday.
Impact on Automotive Industry
"At this time we cannot discuss the content of the ongoing talks."
The Netherlands intervened at Nexperia, a major maker of basic chips used in the electrical systems of cars, on September 30, saying it had to do so to prevent the company from moving production from Europe to China. China responded by blocking export of the company's finished products on October 4, leading to shortages.
China has begun offering carmakers exemptions to export restrictions on a case-by-case basis, following a deal with the U.S.
(Reporting by Andrew Silver and Toby SterlingEditing by William Mallard and Frances Kerry)
