Chipmaker Nexperia says banned from exporting from China

Semiconductors are an increasing source of global geopolitical tension Sam PANTHAKY

Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.

Nexperia has found itself at the centre of a tug-of-war between China and the Netherlands over semiconductors, an increasing source of global geopolitical tension.

In its first statement since the Dutch move took effect on September 30, Nexperia said it was "actively engaging" with authorities in Beijing to gain an exemption from China's counter-measures.

Late Sunday, the Dutch government said it had invoked a Cold War-era law to effectively take control of the company, citing concerns about mismanagement.