Dutch minister defends Nexperia takeover amid chip supply strains

Dutch Economic Affairs Minister Vincent Karremans defended his decision to seize control of chipmaker Nexperia, a subsidiary of Chinese firm Wingtech, without informing allies. The move aimed to prevent dependency on non-European chip vendors. Chinese retaliation led to a chip export block, affecting European carmakers. Lawmakers questioned the approach, suggesting less drastic measures could have been taken. Nexperia faces internal conflicts, with its Chinese packaging arm seeking independence. Karremans is focused on resolving these issues.