Automotive supplier to car brands
A major supplier to the automotive industry is reducing its production pace due to a chip shortage caused by the crisis around Nexperia, reports news agency Bloomberg based on insiders. The German company ZF Friedrichshafen is said to have eliminated shift work at its main factory for electric drivetrains.
ZF Friedrichshafen, which has major automotive companies as customers, is thus affected by the Chinese export ban for the Nijmegen chipmaker Nexperia. This was the Chinese government in Beijing’s response to an intervention by the Dutch cabinet that placed the producer of relatively simple semiconductors under supervision. The government was afraid that the Chinese owner Wingtech would remove production equipment or knowledge from Europe.
“With customers and suppliers, we are committed to keeping supply chains that rely on Nexperia products stable and exploring alternative purchasing options,” reported ZF Friedrichshafen. The company did not want to elaborate further on the matter.