Reported about 20 hours ago
A trade dispute involving the little-known Dutch semiconductor company Nexperia, crucial for automotive chip production, is raising alarms about potential car production halts and soaring prices. Following the US government's trade restrictions on Nexperia's parent company, China has imposed export bans, further complicating supply chains already strained by previous shortages. Automakers are now facing increasing urgency for solutions, as Nexperia supplies around 40% of automotive chips featuring essential components, contributing to record-high car prices.
Source: YAHOO