{"id":1916690,"date":"2023-04-19T11:57:11","date_gmt":"2023-04-19T15:57:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nxp-ceo-applauds-eu-chips-act-seeks-clarity-on-china-restrictions\/"},"modified":"2023-04-19T11:57:17","modified_gmt":"2023-04-19T15:57:17","slug":"nxp-ceo-applauds-eu-chips-act-seeks-clarity-on-china-restrictions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nxp-ceo-applauds-eu-chips-act-seeks-clarity-on-china-restrictions\/","title":{"rendered":"NXP CEO applauds EU Chips Act, seeks clarity on China restrictions"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnxp-ceo-applauds-eu-chips-act-seeks-clarity-on-china-restrictions%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1916690&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>By Conor Humphries<\/p>\n<p>ENNISKERRY, Ireland (Reuters) -The chief executive of Dutch-headquartered computer chip maker NXP Semiconductors on Wednesday applauded the passage of the EU Chips Act this week, but said the industry could use more clarity on export restrictions to China.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>Kurt Sievers said his company, which makes chips for the automotive industry as well for 5G telephone base stations, had been hit by successive rounds of U.S. export restrictions on China\u2019s Huawei.<\/p>\n<p>\u201cWhat I think for our industry is sometimes hard to deal with is there doesn\u2019t seem to be a clear roadmap on what to expect going forward,\u201d he said, speaking at the Bloomberg New Economy conference.<\/p>\n<p>Around 38% of NXP\u2019s sales are to Chinese manufacturers, about half of which are processed and then re-exported to Western buyers.<\/p>\n<p>\u201cA lot of that going forward could eventually move out of China, which doesn\u2019t harm us,\u201d he said. \u201cWe will just follow where our customers are moving.\u201d<\/p>\n<p>He said he hoped the U.S. and Europe would cooperate on how they distribute subsidies.<\/p>\n<p>The more than $50 billion in subsidies now on offer to chip manufacturers from the U.S. government and 43 billion euros  ($47 billion) in Europe is \u201cbig money\u201d from a government perspective but not much from a corporate perspective, he said, given the immense capital costs involved in building semiconductor manufacturing plants. <\/p>\n<p>\u201cI think it would be fantastic if there was a lot of synchronization between the U.S. Chips Act and the European Chips Act in terms of what to support such that it will be complementary,\u201d he said.<\/p>\n<p>($1 = 0.9150 euros)<\/p>\n<p> (Reporting by Conor Humphries, Toby SterlingEditing by Louise Heavens and Mark Potter)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/nxp-ceo-applauds-eu\/attachment\/file-photo-a-man-works-on-a-tent-for-nxp\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Mike McClure and Mariah Gondeiro<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dr. Peter McCullough<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Katie Hopkins<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Kim Fletcher<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -Britain\u2019s competition regulator said proposals from Alphabet Inc\u2019s Google to give app developers the freedom to break away from Google\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Conor Humphries ENNISKERRY, Ireland (Reuters) -The chief executive of Dutch-headquartered computer chip maker NXP Semiconductors on Wednesday applauded the passage of\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Toby Sterling AMSTERDAM (Reuters) -ASML Holding NV beat first-quarter earnings forecasts on Wednesday on continued strong demand for its chip making\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>AMSTERDAM (Reuters) \u2013 Dutch semiconductor equipment maker ASML Holding NV expects sales to mainland China to pick up for the remainder of\u2026 <\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Conor Humphries ENNISKERRY, Ireland (Reuters) -The chief executive of Dutch-headquartered computer chip maker NXP Semiconductors on Wednesday applauded the passage of the EU Chips Act this week, but said the industry could use more clarity on export restrictions to China. Kurt Sievers said his company, which makes chips for the automotive industry as well<\/p>\n","protected":false},"author":66,"featured_media":1916692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5617,24680,3850,4501,13785,18337,24679,3775,3814],"class_list":["post-1916690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-act","tag-applauds","tag-ceo","tag-china","tag-chips","tag-clarity","tag-nxp","tag-restrictions","tag-seeks"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1916690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1916690"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1916690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1916692"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1916690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1916690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1916690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}