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China-Netherlands Chip Fight Turns Into Corporate Civil War

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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 claiming it had…

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