The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will", a move China welcomed as a positive "first step". "We see this as a show of good will," he said of his move to suspend the takeover, vowing to continue talking to Chinese officials.

The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will", a move China welcomed as a positive "first step". "We see this as a show of good will," he said of his move to suspend the takeover, vowing to continue talking to Chinese officials.

The Netherlands praised China's softening of export restrictions as a "show of goodwill." The dispute has alarmed European car manufacturers, who have warned of serious supply chain disruptions on high-tech chips.

Nov. 19 (UPI) -- The Dutch government on Wednesday ended its control of Chinese chipmaker Nexperia after a little over a month, easing a dispute between the Netherlands and China.

An anonymous reader quotes a report from Bloomberg: The Dutch government suspended its powers over chipmaker Nexperia, restoring control to its Chinese owner (paywalled; alternative source) and defusing a standoff with Beijing that had begun to hamper automotive production around the world. The orde...

The Dutch government has suspended its intervention at Nexperia, which allowed the government to block decisions at the Nijmegen-based chipmaker that could jeopardize chip production in Europe, caretaker Minister Vincent Karremans of Economic Affairs announced. He hopes the move will help restore relations with China.

Uncertainty over the availability of the company’s chips, which are used in cars and electronics, had added to concerns of a global shortage.

The dispute erupted in September when the Dutch government effectively took control of Nexperia. Read more at straitstimes.com. Read more at straitstimes.com.

AMSTERDAM/BEIJING,: A move by the Netherlands to step back from taking control of computer chip maker Nexperia was welcomed by China on Wednesday (Nov 19) as a "first step in

Tech leakage concerns sparked controversial seizure by authorities in The Hague.

The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will" towards Beijing, Dutch Economy Minister Vincent Karremans said Wednesday. On Wednesday, Karremans said that "in light of recent developments, I consider it the right moment to take a constructive step by suspending my order under the Goods Availability Act regarding Nexperia".

The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will" towards Beijing, Dutch Economy Minister Vincent Karremans said Wednesday. On Wednesday, Karremans said that "in light of recent developments, I consider it the right moment to take a constructive step by suspending my order under the Goods Availability Act regarding Nexperia".

The Dutch government says it’s relinquishing its control over Chinese-owned chipmaker Nexperia following a standoff between China and the Netherlands.