Nov. 19 (UPI) -- The Dutch government on Wednesday ended its control of Chinese chipmaker Nexperia after a little over a month, easing a dispute between the Netherlands and China.
Minister of Economic Affairs Vincent Karremans said in a statement that after the government had held "constructive meetings" with Chinese authorities, now was "the right moment to take a constructive step" by suspending its control over Nexperia that was implemented under the Goods Availability Act in October.
He added that China appeared to be allowing European and other foreign companies to export Nexperia chips, which it had initially blocked following the seizure.
"We are positive about the measures already taken by the Chinese authorities to ensure the supply of chips to Europe and the rest of the world," Karremans said. "We see this as a show of goodwill. We will continue to engage in constructive dialogue with the Chinese authorities in the period ahead."
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