A battle for control of chipmaker Nexperia has disrupted the global auto supply chain, forcing Honda to halt production of its HR-V crossover. The Dutch government stepped in due to national security concerns over Nexperia’s Chinese owner, Wingtech Technology. The U.S.-China tech supremacy struggle has Europe caught in the middle. The dispute led to an export ban on Nexperia chips from China and threatened auto production worldwide. Signs of resolution emerged after a meeting between Trump and Xi, with Nexperia shipments resuming from China. Car makers are scrambling for alternatives to avoid production losses. Honda expects to resume production soon.
Read more at Yahoo Finance: A crisis at chipmaker Nexperia sent automakers scrambling. Here’s what to know
