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Nexperia China Says It Has Ample Inventories After Dutch Parent Halts Wafer Supplies

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Nexperia’s China division said on Sunday it has built up sufficient inventories and secured its supply chain after the Dutch parent company suspended wafer shipments to its Chinese assembly facilities. The unit assured customers that production and deliveries would continue as planned despite the disruption.

The Dutch chipmaker halted wafer supplies on October 26, citing what it called the Chinese unit’s failure to comply with agreed payment terms. Nexperia China, however, rejected the accusation, calling the move “unilateral” and “extremely irresponsible,” and describing the payment-related claims as “misleading and highly deceptive.”

The dispute follows months of political tension after Dutch authorities took control of Nexperia from its Chinese owner, Wingtech, in September over national security concerns about potential technology transfers. In response, Beijing temporarily blocked the company’s products from being exported.

Nexperia China said it has “proactively initiated contingency plans” and is working to qualify new wafer suppliers, adding that existing inventories would sustain production “through year-end and beyond.” The company expects to meet full customer demand starting next year.

Nexperia produces inexpensive but essential power-control chips — such as transistors and diodes — widely used across consumer electronics and the automotive industry. Automakers have warned that any prolonged supply disruption could affect production.

Jaguar Land Rover Hack Inflicts $2.5 Billion Blow to UK Economy, Report Finds

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The cyberattack on Jaguar Land Rover (JLR), owned by India’s Tata Motors (TAMO.NS), has cost the UK economy an estimated £1.9 billion ($2.55 billion) and disrupted more than 5,000 organisations, according to a report published Wednesday by the Cyber Monitoring Centre (CMC).

The CMC, an independent body comprising cybersecurity experts including the former head of Britain’s National Cyber Security Centre, described the August attack as “the most economically damaging cyber event to hit the UK.” Most of the financial fallout, it said, stems from lost manufacturing output across JLR and its suppliers.

JLR was forced to halt production for nearly six weeks, affecting its three UK plants that together produce around 1,000 vehicles per day. The company began resuming operations earlier this month, but analysts estimated losses at roughly £50 million per week during the shutdown.

The British government extended a £1.5 billion loan guarantee in September to help JLR stabilize its supply chain and support affected partners. The CMC warned that total losses could climb higher if production takes longer than expected to return to normal levels.

“This incident highlights the scale of vulnerability in interconnected supply chains,” the CMC said, noting that the breach disrupted not only JLR’s assembly lines but also dealerships and logistics providers.

The attack was classified as a Category 3 systemic event — the third-highest severity level on the CMC’s five-tier scale — due to its widespread economic ripple effects.

The report also placed the incident among a series of major British cyber breaches in 2025, including one at Marks & Spencer (MKS.L) in April that caused an estimated £300 million ($400 million) in losses after shutting down its online platform for two months.

JLR declined to comment on the findings but is expected to release its financial results in November. The CMC report, which is funded by the insurance industry, said the event underscores the growing systemic risk cyberattacks pose to the UK’s industrial and economic stability.

China tightens rare earths export rules, adds semiconductor and defense curbs

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China sharply expanded its rare earths export restrictions on Thursday, adding five new elements and imposing stricter controls on semiconductor and defense users, in a move seen as tightening Beijing’s grip on critical materials ahead of Trump–Xi talks later this month.

The Ministry of Commerce said the new rules include holmium, erbium, thulium, europium, and ytterbium, bringing the total number of restricted rare earths to 12. Dozens of refining technologies were also added to the control list, while foreign companies using Chinese materials or equipment will now need a Chinese export licence — even if the finished product is made abroad.

China produces over 90% of the world’s processed rare earths, which are vital for EVs, aircraft engines, radars, and advanced chips. The new curbs come amid escalating U.S.–China tech tensions, following American calls to expand chip export bans.

Beijing said the rules will take effect November 8, with extra measures for foreign users from December 1. It also stated that defense-related users will not be granted licences, and chipmakers working on 14-nanometer or smaller chips and AI with military potential will face case-by-case reviews.

“The move helps Beijing gain leverage ahead of the Trump–Xi summit,” said Tim Zhang of Edge Research. Analysts described the controls as part of a global supply chain split, with China localizing production while the U.S. and allies accelerate their own.

Shares in Chinese and U.S. rare earth firms surged on the news, as investors braced for a new phase of strategic competition over the world’s most critical materials.