MNI BRIEF: Dutch Not Cooperating On Nexperia - MOFCOM

Dutch authorities continue to act unilaterally without taking concrete steps to resolve the Nexperia issue with China, a spokesperson for the Ministry of Commerce said on Tuesday, commenting on the Dutch government’s removal of Chinese management from the semiconductor manufacturer in The Netherlands.

The remarks followed MOFCOM's Nov 1 announcement that it would grant exemptions for eligible exports and work to facilitate the resumption of supplies to Nexperia in China.

The spokesperson warned that such actions will inevitably worsen the negative impact on the global semiconductor supply chain.

China wants concessions from the EU such as a reduction in tariffs on its electric vehicles before including the bloc in a one-year suspension of export restrictions on its rare earths which it has agreed with the U.S., EU officials recently told MNI. (See MNI: China Seeks EV Concessions For Rare Earths)