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BRUSSELS, Oct 31 (Reuters) - The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief Henna Virkkunen said on Friday after a virtual meeting with the Chinese-owned company. "An important meeting this morning with @TeamNexperia, where I reaffirmed our determination to work towards a diplomatic breakthrough. We discussed potential short- and medium-term measures to strengthen the resilience of our supply chain," she said on X. Sign up here. Virkkunen said Nexperia has been invited to the Chips Act Task Force, which is collecting information on the potential economic impacts of the supply crunch. The move prompted Beijing to block Nexperia products from leaving China, sparking concerns among automakers worldwide. Nexperia subsequently suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers seen by Reuters. Virkkunen said the issue underscored the importance of investing in a secure supply chain, stockpiling and diversifying supplies. Reporting by Foo Yun Chee and Inti Landauro; Editing by Kirsten Donovan Our Standards: The Thomson Reuters Trust Principles., opens new tab An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
