Nexperia Makes Headlines Again! What Changes Have Occurred?

After reading this article, you will learn: What are the latest developments in the Nexperia incident? What new reactions have emerged in the market recently, and what new changes have occurred in the market trends?

01 What Happened Yesterday?

First, let’s take a look at what exactly happened yesterday.

On November 19th, Dutch Minister of Economic Affairs Micky Adriaansens issued a statement on social media platform X, announcing that she had "suspended interventions against Nexperia

Semiconductor" and stating: "In light of recent developments, I believe the current moment is opportune for constructive action — after close consultations with European and international partners, 

I am suspending the ministerial order I imposed on Nexperia pursuant to the Commodities Supply Act." Subsequently, the official website of the Dutch government also published an announcement.

                                            Source: Dutch Government

On the evening of November 19th, China's Ministry of Commerce stated that it welcomes the Netherlands' voluntary suspension of the administrative order against Nexperia Semiconductor.

A spokesperson for the Ministry of Commerce emphasized: "China welcomes the Dutch side's proactive decision to suspend the administrative order, regarding it as the first step in

 the right direction toward a proper resolution of the issue. However, there remains a gap from addressing the root cause of the volatility and disruption in the global semiconductor

 supply chain — the revocation of the administrative order. Meanwhile, the erroneous ruling by the enterprise court, promoted by the Dutch Ministry of Economic Affairs, which

 stripped Wingtech Technology of its control over Nexperia Netherlands, remains a key obstacle to resolving the matter. We hope the Dutch side will continue to demonstrate its

 willingness for sincere cooperation with China and put forward truly constructive solutions to the problem. Both sides agree that administrative interference should be eliminated,

 and enterprises should be supported and encouraged to resolve internal disputes through consultations in accordance with the law. This will not only protect the legitimate rights

 and interests of investors but also create more favorable conditions for restoring the security and stability of the global semiconductor supply chain."

On the same day, Wingtech Technology issued an announcement clarifying that the ministerial order referenced in the statement by the Dutch Minister of Economic Affairs and

 Climate Policy — which has been suspended — is the Order issued by the Dutch Ministry of Economic Affairs and Climate Policy to Nexperia on September 30, 2025 (Dutch time).

 This order prohibited Nexperia and all its global 30 affiliated entities, including subsidiaries, branches, and offices, from making any adjustments to their assets, intellectual property, business operations, or personnel, with a validity period of one year.

Although the aforementioned ministerial Order has been announced as suspended, the ruling issued by the enterprise court on October 7, 2025 (Dutch time) remains in effect and has not been affected in any way by the suspended Order. All emergency measures imposed by the enterprise court, as detailed in the company's announcement dated October 13, are still being implemented, and the company's control over Nexperia remains restricted. Investors are advised to pay attention to investment risks.

The Netherlands’ suspension of the ministerial order regarding Nexperia can be considered positive news, as it at least signals a departure from the previous "complete freeze." However, this does not mean that Nexperia’s issues have been resolved. The judicial measures imposed by the Dutch Enterprise Court, which are equally critical to the operations of Wingtech, remain unchanged.

According to a report by Caixin, the directive issued by the Dutch government under the "Goods Availability Act" operates independently of the rulings made by the Dutch Enterprise Court. As of now, the Dutch Enterprise Court has not issued any new statements regarding its decisions. This means that Zhang Xuezheng, founder of Wingtech, has not yet been reinstated in his position at Nexperia, and the 99% stake held by Wingtech remains under trusteeship.

The administrative suspension does not equate to a judicial relaxation, and Nexperia’s future remains uncertain. This is currently the industry’s primary concern.

Below is a summary of recent information released by official and authoritative media since the Nexperia incident began:

On November 1, China announced exemptions for eligible exports of Nexperia semiconductors.

On November 2, Nexperia China issued a customer announcement letter stating that Nexperia Semiconductors Netherlands had unilaterally decided to cease wafer supply to its packaging and testing factory in Dongguan (ATGD) starting October 26, 2025.

On November 7 (local time), the Dutch government stated that China would soon resume chip supplies.

On November 8, China agreed to a request from the Dutch Ministry of Economic Affairs to send a delegation to China for consultations.

On November 13, according to a report by Jiwei Network, automotive industry officials revealed that Nexperia's Dutch branch had not been shipping silicon wafers to its Chinese subsidiary for assembly.

On November 13, Dutch Economic Affairs Minister Micky Adriaensens stated in an interview with The Guardian that she had "no regrets" about the Netherlands' decision to take control of Nexperia on September 30.

On November 14, the Dutch Economic Affairs Minister announced that a Dutch government delegation would travel to China "early next week" to seek a resolution to the issues concerning Nexperia Semiconductors, a subsidiary of the Chinese company Wingtech.

On November 14, the Chinese Ministry of Commerce responded to Minister Adriaensens' remarks, stating: "China expresses extreme disappointment and strong dissatisfaction with these statements that confuse right and wrong, reverse black and white, and persist in willful actions." The Dutch Ministry of Economic Affairs declined to comment on the same day.

On November 17 (local time), DutchNews reported that a Dutch delegation was visiting China this week.

On November 19, Dutch Economic Affairs Minister Micky Adriaensens issued a statement on social media platform X, announcing that the intervention regarding Nexperia Semiconductors had been "suspended."

On November 19, Wingtech Technology announced in a statement that the company's control over Nexperia remains restricted.

On November 19, the Chinese Ministry of Commerce stated that China welcomes the Netherlands' proactive suspension of the administrative order against Nexperia Semiconductors, viewing it as a first step in the right direction toward properly resolving the issue. However, it noted that there is still a gap to bridge in addressing the root causes of global semiconductor supply chain disruptions and chaos.

Additionally, the wafer supply issue has yet to be resolved.

02

What changes have occurred in the market?

In contrast to the heated and tense situation in October, the spot market for Nexperia chips began to cool down in November. It turned quiet last week as participants adopted a wait-and-see approach, which continued into this week.

Based on previous analysis, the main reasons for the market's quietude include: the circulation of a "China-EU Rare Earth and Semiconductor Supply Chain Coordination Memorandum" on November 1 (later debunked as false), which triggered chip traders to offload inventories and drove prices down; the Dutch government's announcement on November 7 that China would soon resume chip supplies, along with some automotive suppliers announcing they had obtained export exemptions; the completion of phased stockpiling by overseas customers in late September and mid-October; and the progress of alternative solutions from suppliers such ON, TI, VISHAY, DIODES, and ROHM. (For detailed content, please refer to the recommended reading at the end of the article.)

This week, insights from the semiconductor spot market indicate that while inquiries for Nexperia chips have decreased, tangible demand persists. There is a notable disparity between market quotations and actual transaction prices. A sales representative specializing in foreign trade mentioned that some large traders continue to make purchases, albeit with more inquiries than actual orders. Another contact revealed that major traders are currently buying discreetly and selectively to avoid triggering broad market price fluctuations.

Beyond the spot market, the Nexperia incident has also elicited reactions in the capital markets. Following the onset of the Nexperia situation, Wingtech issued an announcement indicating that certain major shareholders planned to reduce their holdings. However, it is worth noting that these shareholders have been gradually divesting their stakes since last year.

                                                                                                                         Source: Eastmoney.com

Based on public information, as of this week, some automakers and Tier 1 suppliers have begun resuming production, while others face risks of production disruptions. Details are as follows:

On November 17, Nikkei reported that Honda plans to gradually resume production at its North American plants starting November 24, following earlier shutdowns due to chip shortages.

On November 18, Bosch stated that thousands of its employees are facing production disruptions. The company reported supply chain issues at three production sites—Ansbach and Salzgitter in Germany, and Braga in Portugal. Bosch emphasized, "We continue to do everything possible to prioritize customer needs to avoid or minimize production constraints."

On November 18, ZF Group stated that its chip supply would remain stable until mid-next week. A spokesperson added that short-time work measures would not be necessary before that point, but "cannot be ruled out thereafter."

On November 18, a source revealed that Nissan Motor would further reduce production at its Kyushu plant the following week, cutting output by approximately 1,400 vehicles.

On November 18, the head of the Volkswagen brand announced that the company had secured sufficient chips for production, while other automakers continue to struggle with supply shortages triggered by the trade dispute involving Nexperia.

Based on the current information, while finished product shipments have partially resumed and some automakers that had halted production are restarting, several automotive Tier 1 suppliers still face the risk of production stoppages. Although the Netherlands has suspended the ministerial order against Nexperia, indicating a slight easing of tensions, Wingtech's control over Nexperia remains restricted, and the core issue of wafer supply remains unresolved. Continued monitoring of subsequent developments is necessary.