Dutch government takes control of Chinese factory, ending auto crisis
Big news for anyone following tech and car trends: Nexperia, a Dutch chipmaker owned by China's Wingtech, is set to restart shipments from its Chinese factories.
This comes after the Dutch government recently took control—an earlier move that had actually triggered a ban on shipments and caused major headaches for the global auto industry.
Nexperia's chips are key parts in both cars and gadgets
Nexperia's chips are key parts in both cars and gadgets, with most of their chips made in the Netherlands but packaged in China.
When shipments stopped, companies like Stellantis even set up a "war room" to keep tabs on the crisis, while Nissan warned it could only keep making cars until early November without fresh supplies.
The pause was tied to US export restrictions on Wingtech, though Dutch officials pointed to company governance issues as their main concern.
The White House will share more details soon about the situation.