Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
The Hague, November 19 (Xinhua) — Dutch authorities have suspended the seizure order against semiconductor manufacturer Nexperia, Economy Minister Vincent Karremans announced on Wednesday.
"Given recent events, I believe now is the opportune moment to take a constructive step, namely, suspending my order regarding Nexperia, issued in accordance with the Accessibility of Goods Act. This decision is being made following close consultation with European and international partners," the minister noted in a statement.
V. Karremans ordered the intervention in the activities of Nexperia, the overseas subsidiary of the Chinese company Wingtech, in late September, citing alleged shortcomings in the company's management.
On November 1, China's Ministry of Commerce stated that the Netherlands' inappropriate interference in Nexperia's internal affairs had wreaked havoc on global supply chains. China called on the Netherlands to take concrete measures to restore stability to the global semiconductor supply chain.
V. Karremans reported that over the past few days, Dutch authorities have held constructive meetings with their Chinese counterparts. He praised the measures already taken by Chinese authorities to ensure the supply of microchips to Europe and other parts of the world.
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