A major standoff involving Nexperia, a Dutch chipmaker owned by China's Wingtech, threatens global auto production. With export bans and national security concerns, automakers are on high alert for potential chip shortages.
Nexperia has suspended wafer supplies to its Chinese plant, raising concerns among global automakers. This decision follows a contractual dispute and could worsen the chip shortage crisis affecting the industry.
The auto industry is bracing for a severe shortage of rare earth elements, reminiscent of the pandemic-era chip crisis. With China controlling supply, manufacturers face potential shutdowns and soaring prices.
