Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Dutch minister defends Nexperia takeover amid chip supply strains
    Finance

    Dutch minister defends Nexperia takeover amid chip supply strains

    Dutch minister defends Nexperia takeover amid chip supply strains

    Published by Global Banking and Finance Review

    Posted on December 8, 2025

    Featured image for article about Finance

    AMSTERDAM, Dec 5 (Reuters) - The Dutch minister who triggered automotive supply chain turmoil by seizing control of chipmaker Nexperia said the intervention had worked and he made a conscious choice not to inform European allies or the U.S. or Chinese governments ahead of time.

    Economic Affairs Minister Vincent Karremans faced questions over his handling of Nexperia in a parliamentary debate late on Thursday, with lawmakers questioning his handling of the situation.

    "With this order, I prevented Europe from becoming dependent on non-European vendors of essential legacy chips... as far as that goes the goal has been reached," he said.

    Karremans took control of Nexperia, a Dutch subsidiary of Chinese firm Wingtech, on September 30, saying the move was needed to prevent Wingtech's founder from moving company secrets and production to China.

    On October 4, the Chinese government retaliated by blocking the export of Nexperia's chips, most of which are packaged in China. The result was a supply shock with European carmakers which the intervention had sought to protect bearing the brunt.

    Lawmakers questioned whether a less drastic approach or building European support would have been better.

    "Everything points to the minister choosing the path of a lone wolf," lawmaker Laurens Dassen, who called for the debate, told Reuters.

    Karremans said if word had spread that an intervention was planned, it would have accelerated the company's flight.

    "I ask for understanding for the situation that we had little time and that there are risks involved with coordination," he said.

    While both the Chinese and Dutch governments have since eased their interventions, the company is now embroiled in an internal battle.

    Nexperia's Chinese packaging arm has declared independence and is seeking to replace European wafers with others made in China. The European production arm has halted wafer shipments to China, citing nonpayment. Stockpiles of the company's chips are dwindling and the car industry fears shortages may re-emerge.

    Karremans said on Thursday he is focused on resolving those problems.

    (Reporting by Toby Sterling;Editing by Elaine Hardcastle)

    Related Posts
    Trading Day: U.S. unemployment casts its shadow
    Trading Day: U.S. unemployment casts its shadow
    Shares hesitant after US jobs data, oil jumps on Venezuela blockade
    Shares hesitant after US jobs data, oil jumps on Venezuela blockade
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    Fitch places Euroclear Bank on 'rating watch negative' over EU's Russian asset plans
    Fitch places Euroclear Bank on 'rating watch negative' over EU's Russian asset plans
    Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
    Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
    UK to provide financial support to save its last ethylene plant
    UK to provide financial support to save its last ethylene plant
    Polestar secures $600 million loan from majority owner Geely Holding
    Polestar secures $600 million loan from majority owner Geely Holding
    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts
    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    BAE Systems halves stake in Kazakh carrier Air Astana
    BAE Systems halves stake in Kazakh carrier Air Astana
    Tesla ramps up battery cell investments at German gigafactory
    Tesla ramps up battery cell investments at German gigafactory
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostUzbek state oil and gas company signs deal with Cargill to attract $3 billion in investments
    Next Finance PostAI bubble to be short-lived, rebound stronger, NTT DATA chief says

    More from Finance

    Explore more articles in the Finance category

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    US threatens countermeasures on European service providers after EU fines

    US threatens countermeasures on European service providers after EU fines

    EU drops 2035 combustion engine ban as global EV shift faces reset

    EU drops 2035 combustion engine ban as global EV shift faces reset

    Volkswagen welcomes EU move to drop combustion engine ban

    Volkswagen welcomes EU move to drop combustion engine ban

    Incoming Kraft Heinz CEO says he reserves right to improve split

    Incoming Kraft Heinz CEO says he reserves right to improve split

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    Campari's parent company settles tax dispute with 405 million euro payment

    Campari's parent company settles tax dispute with 405 million euro payment

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

    View All Finance Posts