The logo of Dutch semiconductor company Nexperia is pictured, in Hamburg, Germany, June 27, 2024. REUTERS/Fabian Bimmer/File Photo
BEIJING: According to Dutch chipmaker Nexperia’s China unit, it has established “sufficient inventories of finished goods and work-in-progress” and that its supply chain remained secure and stable after its parent halted wafer supplies.
The Dutch company suspended supplies of wafers to its Chinese assembly plant on Oct 26, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported last Friday.
