China urges Nexperia to send representatives to China

China has requested, via the Dutch Embassy in China, that the Dutch Ministry of Economic Affairs should implement the consensus reached through consultations with China and urge semiconductor manufacturer Nexperia in the Netherlands to send representatives to China as soon as possible, the Ministry of Commerce said on Thursday.

China has been actively urging the Chinese company Wingtech to negotiate with its overseas subsidiary, Nexperia, to resolve internal corporate disputes, ministry spokesperson He Yadong said at a regular press briefing.

Recently, Wingtech sent a letter to Nexperia's independent directors and equity custodian, inviting them to China for discussions on corporate control and restoring the stability and smooth operation of the supply chain, which demonstrates its sincerity in resolving the issue, He said.

He emphasized that the Nexperia issue was triggered by the Dutch government's inappropriate administrative intervention in corporate operations, and that the Dutch Ministry of Economic Affairs is responsible for taking constructive, substantive measures to create favorable conditions for internal corporate negotiations.

The Chinese side has already taken concrete measures by granting exemptions for compliant exports intended for civilian use, demonstrating a responsible attitude toward safeguarding the security and stability of the global semiconductor supply chain, He said, urging the Dutch side to take concrete action to resolve the Nexperia issue.

(With input from agencies)