Source: China – South China Morning PostThe European Commission says a “worst case scenario” has been averted, after China’s commerce ministry engaged with European companies in recent days to restart the flow of semiconductors that had been disrupted by a crisis surrounding the company Nexperia.
The saga, which saw the Dutch-headquartered company cut off from its Chinese processing facilities following a dispute between The Hague and Beijing, threatened to throw Europe’s automotive industry into disarray.
Dutch authorities ousted the…Read More