China-Netherlands Chip Fight Turns Into Corporate Civil War

The bitter standoff between Dutch chipmaker Nexperia - which supplies basic chips crucial to 49% of European automakers, over 85% of medical device companies, and the entire defense industry - and its Chinese parent company Wingtech escalated on Friday when both Wingtech and Nexperia's Chinese unit accused the Dutch business of secretly building a supply chain that would cut China out entirely. The accusations came one day after Nexperia's Dutch headquarters published an open letter clai...