"Nexperia Netherlands has completely stopped exporting wafers to the manufacturer's Chinese assembly plant. This could have major consequences for the automotive industry, among others, which is mainly dependent on the manufacturer. Information about this has been seen by the Reuters news agency. The letter, dated Wednesday, October 29, is signed by Stefan Tilger, interim CEO of Nexperia. The export ban on wafers was imposed on October 26 and resulted from local management's recent failure to comply with the agreed contractual payment terms."
"Simply put, it is a mess at the Dutch chip manufacturer, which was taken over by the Chinese company Wingtech a few years ago. Tilger has been appointed as the company's temporary CEO after the Chinese CEO was dismissed. Among other things, he is alleged to have stolen trade secrets and passed them on to a Chinese company of which he is also the owner."
Nexperia Netherlands halted wafer exports to its Chinese assembly plant after imposing an export ban on October 26 due to local management's failure to meet agreed contractual payment terms. The October 29 letter announcing the halt was signed by interim CEO Stefan Tilger. Wafers produced in the Netherlands serve as the substrate for chips later assembled in Nexperia's Chinese factories, and the halt threatens automotive manufacturers that rely on these chips. Nexperia was acquired by China's Wingtech and experienced management upheaval after the dismissal of its Chinese CEO amid allegations of stolen trade secrets. The Dutch and Chinese governments are engaged in talks while carmakers face supply uncertainty.
Read at Techzine Global
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