EU Trade Chief Engages in Nexperia Talks

EU trade chief Maros Sefcovic is in discussions with Dutch and Chinese authorities regarding Nexperia BV, a Dutch chip maker recently seized by the Dutch government. Both sides aim to de-escalate tensions and find a solution to restore global supply chains and prevent production halts.

EU trade chief Maros Sefcovic has confirmed active communications with the Dutch and Chinese authorities concerning the situation involving Nexperia BV. The chip-making company recently came under Dutch government control. Both parties express a mutual commitment to de-escalate the situation.

Sefcovic conveyed that ongoing discussions are geared towards finding a solution that will underpin the restoration of vital supply chains affected by the move.

Ensuring these efforts come to fruition could curtail any further production halts on a global scale, highlighting the importance of international cooperation in resolving the dispute.

(With inputs from agencies.)