Chinese commerce minister urges Germany to help resolve Nexperia issue

Chinese Commerce Minister Wang Wentao on Tuesday called on Germany to play an active role in urging the Dutch government to resolve the remaining issues involving chipmaker Nexperia.

Wang made the remarks in a video call with German Economy Minister Katherina Reiche.

Wang emphasized that the root cause of the issue lies in improper intervention by the Dutch government in corporate internal affairs. The Dutch side is responsible for the disruption and instability in the global semiconductor supply chain.

China has made utmost efforts by exempting qualified exports to alleviate short-term global supply chain pressures, Wang said, adding that ensuring long-term stability of the global semiconductor supply chain requires the Dutch side to demonstrate a constructive attitude and take concrete actions.

Wang said that China hopes Germany will play an active role in urging the Dutch government to promptly correct its mistakes, withdraw certain measures, and promote an early resolution of the issue.

Reiche said that Germany pays high attention to the Nexperia semiconductor issue and is willing to continue strengthening communication with the Netherlands.

The two sides also changed views on other trade and economic issues.

Wang said that China and Germany are important trading partners with pragmatic cooperation in various fields. China will promote high-standard opening up, foster a world-class business environment and continue to offer development opportunities for foreign-funded enterprises, including German companies.

Noting that the German government attaches great importance to developing economic and trade relations with China, Reiche said Germany is willing to strengthen dialogue and exchange with China, deepen mutually beneficial cooperation and promote more balanced and sustainable bilateral trade development.

(Cover via VCG)