An example of the EU being a sacrificial pawn in a game they don't even realise they are in.
US 50% BIS export control rule - that would've placed Nexperia on the entity list and therefore cut it out from the supply chain - was suspended for a year after the Trump-Xi meeting in ROK. This was like - one week (?) after Netherlands seized the company back from Wingtech, in order to prevent it from being subject to those rules!
Now European supply gets re-routed to Nexperia China branch, in RMB, whilst the Nexperia workers in Nijmegen have to sit there and hope for the best.
US 50% BIS export control rule - that would've placed Nexperia on the entity list and therefore cut it out from the supply chain - was suspended for a year after the Trump-Xi meeting in ROK. This was like - one week (?) after Netherlands seized the company back from Wingtech, in order to prevent it from being subject to those rules!
Now European supply gets re-routed to Nexperia China branch, in RMB, whilst the Nexperia workers in Nijmegen have to sit there and hope for the best.