Netherlands Relinquishes Control of Chinese Chipmaker

The Dutch government made an important decision. It will give up control of a chip company from China. This helps solve a problem between China and the Netherlands about chip supplies.

Vincent Karremans is a minister in the Netherlands. He stopped an order to control the company, Nexperia. The old order used a law from a long time ago, from the Cold War period.

The Dutch government worried about national security. They also saw problems with how Nexperia was managed. They wanted to keep important technology in Europe for economic safety.

Nexperia's chips are used in cars around the world. Car companies needed these chips to make their cars. One car company, Honda, had to stop making cars because of the chip shortage.

Karremans said he stopped the order to show goodwill. He had good talks with Chinese leaders before that. He is happy that China is helping to supply chips to Europe and other places.