Reported about 20 hours ago
Nexperia, the Dutch semiconductor firm, has suspended wafer deliveries to its Chinese facility in Dongguan due to the local management's failure to meet contractual payment terms, exacerbating global chip supply issues. This decision follows a takeover of the company by the Dutch government from its Chinese owner and aims to ensure compliance with new payment stipulations favoring the yuan. Nexperia insists it remains committed to the Chinese market, despite the suspension, and is pursuing solutions to continue supplying its customers.
Source: YAHOO