China’s Ministry of Commerce says trip by Dutch chip firm’s management should be made ‘as soon as possible’ amid heated war of words
China has urged the Dutch government to push the Netherlands arm of semiconductor manufacturer Nexperia to send personnel to China, Beijing’s commerce ministry said during a press conference on Thursday.
The Dutch embassy in China has been asked to urge The Hague’s Ministry of Economic Affairs to “implement the consensus reached in consultations” and encourage the Nijmegen-headquartered company to dispatch its representatives to China “as soon as possible”, ministry spokesman He Yadong said.
Wingtech, Nexperia’s Chinese owner, recently sent an invitation asking its subsidiary’s independent directors and equity trustee to visit China to discuss corporate control and restoring stability to the global supply chain.
The ministry spokesman hailed the move, calling it a “positive development” and a show of Wingtech’s “good faith”, adding that Beijing has helped facilitate negotiations to sort out the dispute.
Before the letter, the two companies had been engaged in
a war of words that has lasted several weeks, with each accusing the other of an unwillingness to talk.
Ministry spokesman He also urged the Dutch government to create “favourable conditions” for internal talks between the two companies by revoking the now-suspended administrative order that allowed The Hague to temporarily take control of Nexperia, and convincing former Nexperia executives to withdraw their lawsuit from the Dutch Enterprise Chamber.