Explore Business Standard
The Dutch government said it's relinquishing control of Chinese-owned chipmaker Nexperia, easing a standoff between China and the Netherlands that threatened supplies of semiconductors vital for global auto manufacturing. Economics Affairs Minister Vincent Karremans said Wednesday that he was suspending an earlier order to take control of Nexperia under a rarely invoked law. The Dutch government cited national security concerns and serious governance shortcomings when it took effective control of Nexperia, which is headquartered in the city of Nijmegen but owned by China's Wingtech Technology. Officials said they were trying to prevent the loss of crucial tech know-how that could threaten Europe's economic security. Nexperia chips are widely used by carmakers in North America, Japan and South Korea. Automakers warned in recent weeks that they were running low on the chips, and Honda was forced to shut down a factory in Mexico producing its popular HR-V crossover for North American
The head of Nvidia downplayed his role in getting the US government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet US restrictions on technology exports to China but nonetheless blocked in April. He met US President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. I don't think I changed his mind, Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organised press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companie
India is evaluating the impact of the US proposal to impose restrictions on AI chip exports, as the move could have implications on the development of emerging technologies here, official sources said on Thursday. The US administration has proposed a new framework that restricts the import of artificial intelligence chips due to national security concerns about the technology and economic interests of producers and other countries. The proposal has no restriction for 18 key allies of the US, which have been clubbed under Group 1, but there are restrictions on the quantity that can be exported to other countries under Group 2, including India. Sources, who did not wish to be named, said ministries, including commerce and industry and electronics and information technology, are looking into it. "We are evaluating the impact," they added. The semiconductor industry body IESA has stated that the proposed restrictions will challenge the country's plan for AI hardware, crucial for the l