Dutch Government Moves to Defuse Tension Over Chipmaker Nexperia

The Dutch government suspended its powers over chipmaker Nexperia, handing back control to its Chinese owner and defusing a standoff with Beijing that had begun to hamper automotive production around the world.

The move marks a significant de-escalation of a dispute that highlighted Beijing’s growing leverage over the global economy and which threatened to disrupt automakers from Honda Motor to Volkswagen.