In a rare late-night statement issued on October 21, China's Ministry of Commerce disclosed that Minister Wang Wentao held a phone call with Dutch Minister of Economic Affairs Vincent Karremans, urging a resolution to the Netherlands' recent decision to freeze the assets of Nexperia, a major Chinese-owned semiconductor firm
CXMT, China's leading DRAM maker, plans to launch an IPO in Shanghai as early as the first quarter of 2026, targeting a valuation of up to CNY300 billion (US$42.1 billion), according to Reuters, Gelonghui, and Sina. The planned listing underscores Beijing's drive for semiconductor self-sufficiency as Washington tightens restrictions on China's access to advanced chip technologies
Dutch chipmaker Nexperia has accused its suspended chief executive, Zhang Xuezheng (also known as Wing Zhang), of spreading "falsehoods" and taking "unauthorized actions," intensifying a corporate and geopolitical confrontation that now spans China, Europe, and the global automotive supply chain
