Miscellaneous News

vincent

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
zbb said:
Just in 2024, Wingtech fully paid off all of Nexperia's debts (inherited from before Wingtech acquisition) and invested $200M into upgrading the Nexperia fab in Germany.
Click to expand...
How much of the planned $200M are actually implemented and how much of it actually came from Wingtech and not loans (backed by Nexperia corporate) and subsidies from European banks and governments?
The severance packages for the workers and plant closures most like far far exceed that amount.
 
zbb

zbb

Senior Member
Registered Member
vincent said:
How much of the planned $200M are actually implemented and how much of it actually came from Wingtech and not loans (backed by Nexperia corporate) and subsidies from European banks and governments?
Click to expand...
Please, Log in or Register to view URLs content!
uses the past tense "made" to refer to the German fab investment, implying that the upgrade already happened.

During the reporting year, Nexperia celebrated key milestones that underscored its commitment to technological innovation and long-term growth. Most notably, the company marked the 100th anniversary of its Hamburg site in Germany – a historic hub of engineering excellence. In recognition of this legacy, Nexperia made substantial investments in next-generation manufacturing capabilities, specifically in Silicon Carbide (SiC) and Gallium Nitride (GaN) technologies.​

The same press release also states that Nexperia is now debt free, so investment into the German fab did not come from loans.
 
Maikeru

Maikeru

Major
Registered Member
antiterror13 said:
I haven't heard Xinjiang "genocide and slave labour" for months or years now ... what happening? ;)
Click to expand...
Too many western vloggers visited XJ for the lie to be maintained.

sheogorath said:
I don't see Finland, they, like the baltics, are overtaken by their irrational hatred for the Russians than any sensible policy will be thrown out the window just to keep coping about being in the losing side of WW2
Click to expand...
TBF it's a perfectly rational hatred of Russia in the case of those countries.
 
vincent

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
zbb said:
Please, Log in or Register to view URLs content!
uses the past tense "made" to refer to the German fab investment, implying that the upgrade already happened.

During the reporting year, Nexperia celebrated key milestones that underscored its commitment to technological innovation and long-term growth. Most notably, the company marked the 100th anniversary of its Hamburg site in Germany – a historic hub of engineering excellence. In recognition of this legacy, Nexperia made substantial investments in next-generation manufacturing capabilities, specifically in Silicon Carbide (SiC) and Gallium Nitride (GaN) technologies.​

The same press release also states that Nexperia is now debt free, so investment into the German fab did not come from loans.
Click to expand...
Closing the plants in Europe can easily exceed that amount.
 
AssassinsMace

AssassinsMace

Lieutenant General
GulfLander said:
Gina talk in Harvard
https://twitter.com/i/web/status/1984513598123909502
Click to expand...
What happened to China’s population is getting older while the US’s getting younger? So how is it that US can’t do what China does? It makes you question their whole demographic argument. Chinese have to be like Westerners so they are burden with all their disadvantages not their advantages so they can compete. Everyone else has to live in the West’s communist world so they can “compete” on a level playing field. That’s the only thing that’s wrong with Chinese so-called subsidizing its industries is because Western countries are motivated by profit first. That is their number one goal not actually accomplishing what’s it’s supposedly for in the first place. That’s just a front. You know what that is called? Money laundering. The whole Western system is criminal enterprise.
 
H

huemens

Junior Member
Registered Member
Official US statement regarding the trade deal is out. It differs from the China version.

Please, Log in or Register to view URLs content!

CHINESE ACTIONS:

  • China will suspend the global implementation of the expansive new export controls on rare earths and related measures that it announced on October 9, 2025.
  • China will issue general licenses valid for exports of rare earths, gallium, germanium, antimony, and graphite for the benefit of U.S. end users and their suppliers around the world. The general license means the de facto removal of controls China imposed in April 2025 and October 2022.
  • China will take significant measures to end the flow of fentanyl to the United States. Specifically, China will stop the shipment of certain designated chemicals to North America and strictly control exports of certain other chemicals to all destinations in the world.
  • China will suspend all of the retaliatory tariffs that it has announced since March 4, 2025. This includes tariffs on a vast swath of U.S. agricultural products: chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.
  • China will suspend or remove all of the retaliatory non-tariff countermeasures taken against the United States since March 4, 2025, including China’s listing of certain American companies on its end user and unreliable entity lists.
  • China will purchase at least 12 million metric tons (MMT) of U.S. soybeans during the last two months of 2025 and also purchase at least 25 MMT of U.S. soybeans in each of 2026, 2027, and 2028. Additionally, China will resume purchases of U.S. sorghum and hardwood logs.
  • China will take appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China, allowing production of critical legacy chips to flow to the rest of the world.
  • China will remove measures it took in retaliation for the U.S.’s announcement of a Section 301 investigation on China’s Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance, and remove sanctions imposed on various shipping entities.
  • China will further extend the expiration of its market-based tariff exclusion process for imports from the United States and exclusions will remain valid until December 31, 2026.
  • China will terminate its various investigations targeting U.S. companies in the semiconductor supply chain, including its antitrust, anti-monopoly, and anti-dumping investigations.
Click to expand...
AMERICAN ACTIONS:

  • The United States will lower the tariffs on Chinese imports imposed to curb fentanyl flows by removing 10 percentage points of the cumulative rate, effective November 10, 2025, and will maintain its suspension of heightened reciprocal tariffs on Chinese imports until November 10, 2026. (The current 10% reciprocal tariff will remain in effect during this suspension period.)
  • The United States will further extend the expiration of certain Section 301 tariff exclusions, currently due to expire on November 29, 2025, until November 10, 2026.
  • The United States will suspend for one year, starting on November 10, 2025, the implementation of the interim final rule titled Expansion of End-User Controls to Cover Affiliates of Certain Listed Entities.
  • The United States will suspend for one year, starting on November 10, 2025, implementation of the responsive actions taken pursuant to the Section 301 investigation on China’s Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance. In the meantime, the United States will negotiate with China pursuant to Section 301 while continuing its historic cooperation with the Republic of Korea and Japan on revitalizing American shipbuilding.
Click to expand...
 
You must log in or register to reply here.
Top