Automotive officials warn of 'devastating' chip storage as Nexperia halts China-bound wafer shipments — companies working 'around the clock' to find alternatives

Nexperia, a major chipmaker, has halted wafer shipments to its Chinese facility due to a dispute following the Dutch government's intervention. This has led to concerns of potential chip shortages in the automotive industry, with carmakers scrambling to find alternative sources. While some exports have resumed, the issue remains unresolved as Nexperia Netherlands has suspended direct supply to China. The situation is critical as Nexperia supplies essential components for various automotive systems, and automakers are urging a swift resolution to avoid production disruptions.