BERLIN (Reuters) -Parts of BMW's supplier network are affected by U.S. and Chinese export restrictions that have been imposed on chipmaker Nexperia amid a growing row over intellectual property, a spokesperson for the German carmaker told Reuters on Thursday. "We are in close contact with our suppliers and continuously assess the situation in order to identify potential supply risks at an early stage and take appropriate measures if necessary," the spokesperson said in an emailed statement. Production continues at BMW's plants as planned, he added. The Dutch government on Sunday said it had taken control over Nexperia, a Netherlands-based company that manufactures chips for cars and consumer electronics, citing worries about the possible transfer of technology to its Chinese parent company, Wingtech. On Tuesday, Nexperia said it is facing export restrictions from both the U.S. and Chinese governments. (Reporting by Rachel More; editing by Matthias Williams)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Sukriti Gupta and Twesha Dikshit (Reuters) - Wall Street's main indexes rose on Thursday,…
By Robert Harvey and Felix Light LONDON (Reuters) -Tencent-backed fintech and e-commerce provider Uzum, Uzbekistan's…
WASHINGTON (Reuters) -U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that…
LONDON (Reuters) -AI systems acting without human control could one day pose a security threat,…
WASHINGTON (Reuters) -U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that…
VIDEO SHOWS: VARIOUS HIGHLIGHTS FROM BOUTS OF FIRST NIGHT OF GRAND SUMO TOURNAMENT IN LONDON…