Nexperia Fights Legal Battle Affecting Chip Supply
Reading
Lawyers for Nexperia and its Chinese owners met in an Amsterdam court. Judges will decide if they should investigate bad management there.
The Dutch government took control of Nexperia in October last year. This was due to security fears and claims against its Chinese CEO.
China then stopped Nexperia chip exports from its factory temporarily. Car manufacturers needed to find new parts because of this global problem.
Later, some problems between company parts in different countries continued. This caused more worries about important global chip supplies.
Many car companies like Honda had to stop making some cars. Nexperia was bought by a Chinese company, Wingtech, in 2018.
Questions
Where did lawyers for Nexperia and its Chinese owners meet?
They met in an Amsterdam court.
Why did the Dutch government take control of Nexperia?
It was due to security fears and claims against its Chinese CEO.
What happened to Nexperia chip exports from its factory?
China stopped the exports temporarily.
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