Netherlands gives back control of Chinese-owned Nexperia

The Dutch government said Wednesday that it was handing back control of chipmaker Nexperia to its Chinese parent company, in an effort to ease tensions that had flared after the Netherlands was caught in a tussle between Washington and Beijing over electronics supply chains.

- MATTHEW MPOKE BIGG

Nexperia (China) Ltd.'s factory in Dongguan, Guangdong province, China, on Nov 7.REUTERS

(REUTERS)

Dutch officials made the decision after consulting with European and international partners and “constructive meetings” with Chinese authorities, the Dutch economic affairs minister, Vincent Karremans, said in a social media post.