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Dutch chipmaker Nexperia said to halt salaries and system access for Chinese employees
Yahoo Financeยท2025-10-18 09:30

Core Points - Nexperia has suspended salary payments and access to company systems for its employees in China, escalating tensions between the Netherlands and China [1][6] - The Chinese unit expressed confusion and disappointment over the situation, indicating a sense of abandonment by European management [2] - Wingtech Technology, which acquired Nexperia in 2019, confirmed that the accounts of Nexperia's China team were blocked for unspecified reasons [3] - The Dutch government recently took control of Nexperia's management due to national-security concerns, fearing a shift of chip production from Europe to China [4] - Nexperia's Chinese unit is implementing "self-rescue measures" to maintain supply for domestic customers amid potential disruptions from the European side [5] - The situation reflects broader tensions between China and the Netherlands, particularly in light of new U.S. export controls affecting semiconductor companies [6]