International Powers Redirect Nexperia Chip Dispute to Corporate Boardroom
In a significant diplomatic shift, both China and the European Union have signaled a preference for semiconductor giant Nexperia and its Chinese parent company to resolve their ongoing "corporate dispute" internally. This move comes as global powers grapple with the persistent fragility of the semiconductor supply chain and seek long-term stability.
High-Level Discussions Pave the Way
The impetus for this corporate-level resolution emerged from a series of high-stakes video conferences. Chinese Commerce Minister Wang Wentao engaged separately with German Economy Minister Katherina Reiche and European Commissioner for Trade Maros Sefcovic. According to a statement from China’s Ministry of Commerce, these discussions underscored a shared understanding:
"Both sides agree that Nexperia Netherlands and Nexperia China should promptly engage in constructive communication regarding their internal corporate disputes and find an effective, long-term solution."
Beijing's Firm Stance on Dutch Actions
While welcoming The Hague's decision to suspend an executive order that granted the Dutch government control over Nexperia, Minister Wang reiterated China's firm position. Beijing maintains that the Dutch government must go further, urging the complete revocation of the executive order and the withdrawal of the related court ruling. China views these governmental interventions as the fundamental causes of the current crisis, emphasizing the need for their full removal to truly resolve the issue.
The global semiconductor market remains in a precarious state, making the resolution of such high-profile corporate disagreements crucial for economic stability. Both Minister Wang and Commissioner Sefcovic pledged to "jointly urge" the involved entities to initiate dialogue promptly, working collaboratively to restore equilibrium to the vital global semiconductor supply chain.
