China accuses Dutch of prolonging chip war that threatens to halt car factories

Beijing tells Netherlands ‘stop interfering’ after seizure of chipmaker Nexperia as export bans disrupt supply chainBusiness live – latest updatesCarmakers around the world are facing fresh uncertainty about their ability to continue production after China accused the Netherlands of failing to cooperate on a resolving a dispute over the seizure of the chipmaker Nexperia.
The Dutch government took control of the EU-based automotive chipmaker at the end of September because of concerns about its Chinese parent Wingtech Technology. In response, China halted exports of Nexperia products, restricting access to the vital components used in everything from airbags to central locking.Carmakers including Volkswagen, Honda and Nissan have warned the geopolitical spat could halt production. Last week the European Automobile Manufacturers’ Association warned that some factory lines were “days away” from halting work. Continue reading...