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Stock impact report

Dutch Hand Back Control of Chinese-Owned Chipmaker Nexperia [Yahoo! Finance Canada]

Honda Motor Company, Ltd. (HMC) 
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Most Read from Bloomberg Bloomberg had reported earlier this month that the Netherlands was prepared to take the step if chip deliveries from the company's site in China could be confirmed. The move marks a significant de-escalation of a dispute that underscored the global nature of supply chains and highlighted Beijing's growing leverage. Even though Nexperia's chips aren't advanced and the company only operates one facility in China, the spat disrupted automakers from Honda Motor Co. to Volkswagen AG. Karremans sparked the dispute in late September by invoking a Cold War-era law to gain powers over decisions at Nexperia, which is owned by China's Wingtech Technology Co. The Chinese government retaliated by imposing export restrictions over components from the Dutch company's facility in Guangdong, which assembles chips from wafers made in Europe. The reversal by the Dutch government was set in motion after a breakthrough in talks earlier that involved Chinese and Dutch offi Show less Read more
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