The Dutch court document said records from a June 12 meeting between U.S. Commerce Department officials and the Dutch Foreign Ministry showed rising pressure to remove Nexperia’s Chinese CEO to help keep the company off the list.
“The fact that the company’s CEO is still the same Chinese owner is problematic,” the filing said, citing minutes from the Dutch-U.S. meeting. “It is almost certain the CEO will have to be replaced to qualify for the exemption from the entity list.”
Nexperia is caught between the U.S. and China, with U.S. President Donald Trump ratcheting up pressure on tech as part of a broader trade war in which he threatened 100% tariffs on China’s exports last week. Beijing has announced curbs on exports of rare earths.
You must log in or register to comment.