Dutch government suspends intervention into chipmaker Nexperia

The Netherlands has returned control of the Chinese-owned chipmaker Nexperia, which has raised concerns about the availability of its chips used in cars and electronics. This uncertainty has contributed to fears of a global chip shortage, particularly impacting the automotive sector.

China has expressed its approval of the Netherlands' decision to suspend the seizure of Nexperia, a semiconductor company. However, Chinese officials are calling for a complete resolution of the matter to ensure stability in the market and to protect the interests of Nexperia.

The Netherlands has suspended its state seizure of the Chinese-owned chipmaker Nexperia, pausing a dispute that had threatened global car production. Dutch Economic Affairs Minister Vincent Karremans announced the decision, which aims to alleviate tensions between the EU and China over semiconductor supply chains.

Xiaomi, the Beijing-based technology company, reported a significant increase in its net profit, which surged to 12.27 billion yuan (approximately $1.73 billion) for the latest financial period. This marks a substantial rise from the previous year's net profit of 5.35 billion yuan. The growth is attributed to stronger revenues from the Internet of Things (IoT) and electric vehicle (EV) sectors, indicating a successful expansion strategy in these emerging markets.

China has intensified its pressure on Japan by implementing travel bans and canceling events in response to Tokyo's suggestion that it might intervene militarily if China attacks Taiwan. This development has escalated tensions between the two nations, with Beijing expressing strong discontent over Japan's potential military involvement in the Taiwan Strait conflict. The situation highlights the fragile diplomatic relations in the region and raises concerns about the implications for regional stability and security.