Nexperia China seeks new wafer suppliers to address ongoing supply chain issues. Talks between the Dutch chipmaker’s head office and Chinese owner Wingtech have begun. The Dongguan facility continues operations despite the wafer shortage. Nexperia’s head office suspended wafer supply to the facility due to payment issues.
Nexperia China aims to validate domestic wafer suppliers by mid-2026. Despite a 14% drop in production, the company delivered over 11 billion chips globally since mid-October. The Dongguan facility accounted for 70% of Nexperia’s total output before the dispute with the Dutch head office.
The ongoing dispute between Wingtech and Nexperia threatens global car supply chains. The Netherlands’ Ministry of Economic Affairs seized control of Nexperia, leading to export restrictions on China’s unit. The European Commission states a “worst-case scenario” has been avoided in the dispute.
Wingtech may pursue international arbitration if the issue remains unresolved within six months, potentially claiming up to US$8 billion. Shareholders approve legal expert Gan Peizhong as an independent director. Sophie Shen Xinjia is named president to address challenges surrounding Nexperia. 1. In a breakthrough study, researchers have discovered a new potential treatment for Alzheimer’s disease. The drug, currently in the testing phase, has shown promising results in reversing cognitive decline in mice. Human trials are set to begin next year.
2. The United Nations has declared a global climate emergency, urging countries to take immediate action to reduce carbon emissions. This comes as the world experiences record-breaking temperatures and extreme weather events, highlighting the urgent need for environmental protection.
3. The stock market saw a significant drop today as investors reacted to news of rising inflation and uncertainty surrounding global trade agreements. Tech stocks were hit especially hard, with many companies experiencing double-digit losses. Analysts are advising caution in the current volatile market.
Read more at Yahoo Finance: Nexperia China eyes new wafer suppliers in 6 months amid legal fight with Dutch chipmaker