Nexperia will comply with U.S. restrictions on Wingtech due to national security concerns

From Investing.com: 2024-12-03 02:45:35

Dutch chip maker Nexperia will comply with U.S. restrictions following its Chinese parent company Wingtech being placed on the U.S. Department of Commerce’s “entity list”. This will not affect Nexperia’s operations or subsidiaries. Nexperia specializes in simple computer chips like diodes and transistors, recently expanding in Hamburg, Germany.

The U.S. Commerce Department added Wingtech and Chinese investment firms to the list for attempting to acquire chip manufacturing technology crucial to the defense industry of the U.S. and its allies. This move reflects growing concerns about China’s efforts to advance its semiconductor capabilities and potentially threaten national security.



Read more at Investing.com: Nexperia to comply with U.S. restrictions on Chinese parent Wingtech By Reuters