Dutch Hand Back Nexperia Control to Ease Chip Spat With China

The Dutch government suspended its powers over chipmaker Nexperia, handing back control to its Chinese owner and defusing a standoff with Beijing that had begun to hamper automotive production around the world.

The order that gave the Netherlands powers to block or revise decisions at Nijmegen-based Nexperia was dropped as “a show of goodwill,” Economic Affairs Minister Vincent Karremans said Wednesday, adding that discussions with Chinese authorities are continuing.

Vincent Karremans

Photographer: Patrick van Emst/Sipa/AP Photo

“The Nexperia group currently shows no signs of continuing the behavior that prompted my order, nor any intention to do so,” the minister said in a letter to parliament ...