China says Netherlands made mistakes over chipmaker Nexperia

China urged the Netherlands to reverse its intervention in Dutch-based chipmaker Nexperia and described the decision as a mistake. The Netherlands seized control of Nexperia in September under a long-standing security law, reportedly after U.S. concerns.

China has urged the Netherlands to change course over its intervention in chipmaker Nexperia and said the move has harmed stability in the semiconductor sector. The Dutch government used a long-standing security law in September to take control of Nexperia, a company based in the Netherlands with Chinese ownership. Reports say the action followed concerns raised by the United States. China then restricted some Nexperia products from leaving the country, which has led to concern among automakers that rely on the supplier. What was reported: - The Netherlands seized control of Nexperia in September under a long-standing security law, reportedly after U.S. officials raised security concerns. - China's Commerce Ministry said the Netherlands should correct its mistakes and remove obstacles to restoring stability in the global semiconductor supply chain, according to a translated statement. - China moved to restrict some Nexperia products from leaving the country. - Global automakers have reported concern about possible shortages of Nexperia components. - Dutch officials, including the economy minister, have defended the intervention; a Dutch government spokesperson was not immediately available for comment. Summary: The dispute has interrupted supplies used by automakers and increased uncertainty in parts of the semiconductor chain. Undetermined at this time.