EU tech chief Virkkunen to meet chipmaker Nexperia amid supply worries

Group 1: Meeting and Legislative Context - EU tech chief Henna Virkkunen is scheduled to meet with chipmaker Nexperia, emphasizing the importance of this meeting for the upcoming Chips Act 2.0, expected to begin in 2026 [1] - The European Commission plans to review the EU Chips Act, which was adopted in 2023 with a budget of 43 billion euros ($50.15 billion), aiming to increase the EU's share of global chip output to 20% by 2030 [4] Group 2: Nexperia's Operational Challenges - Nexperia, owned by Chinese company Wingtech, has come under scrutiny after the Dutch government took control of the company due to concerns over its former CEO's actions to shift operations to China [2] - Following the Dutch government's intervention, Beijing blocked Nexperia products from leaving China, leading the company to inform carmakers that it could no longer guarantee supplies, raising concerns across various sectors [3] Group 3: Product Significance - Nexperia specializes in basic power control chips, such as transistors and diodes, which are essential components in nearly all electronic devices, particularly in automotive applications for connecting batteries to motors and managing lighting and braking systems [3]