Copyright Bloomberg
Carmakers around the world are planning to scale back production after an export freeze on a Chinese semiconductor company based in Netherlands threatened to disrupt the industry’s supply chains. Honda Motor Co. said it has cut or suspended production this week at some plants in North America as a countermeasure to the chip shortage, which stems from China blocking Nexperia BV — owned by Chinese company Wingtech Technology Co. — from exporting products made at its local plants. That was a retaliatory move after the Dutch government took control of Nexperia under emergency powers to protect strategic production.
