Overview
- The Dutch government continues to run Nexperia under a 1952 emergency law and has replaced CEO Zhang Xuezheng with interim chief Stefan Tilger.
- Nexperia’s China subsidiary has restarted sales to domestic distributors on a yuan-only basis and told partners to settle downstream transactions in yuan, according to Reuters.
- The China unit rejected head-office orders to remove sales chief John Chang as unenforceable in China and asserted independent operations in a public WeChat letter accusing HQ of misinformation.
- China’s export ban on finished Nexperia products is blocking re-exports to Europe, with the company exploring packaging outside China as HQ warns customers it will not guarantee quality of China-sourced parts, according to reporting.
- European auto supply chains are under pressure, with Bosch readying furloughs in Salzgitter, Volkswagen flagging potential short-term disruptions, and Valeo saying substitutes cover most volumes pending client approval.