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A dispute between Amsterdam and Beijing over technology transfer has held up chip supplies to car manufacturers.

The Chinese government has slammed the Netherlands over its seizure of chipmaker Nexperia, blaming it for jamming up a resolution to a dispute that has disrupted car sector supply chains, hit production and caused some firms to furlough staff.

Nexperia, Chinese-owned but based in the Netherlands, makes billions of simple but ubiquitous chips for cars and other electronics. Supply of those chips has been snarled since a dispute between Amsterdam and Beijing over technology transfers.

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After positive signals in talks over the weekend, the Chinese commerce ministry issued a strongly worded statement on Tuesday telling the Netherlands to “stop interfering” in Nexperia’s internal affairs.

“The Dutch side persists in its unilateral course without taking concrete actions to resolve the issue, which will inevitably deepen the adverse impact on the global semiconductor supply chain,” the ministry said in a statement.

Auto sector has ‘zero autonomy’

Beijing’s statement contradicts messages from the Hague, Brussels and Nexperia that they have been making progress towards a solution, and will be worrying for carmakers that have been scrambling for supplies of Nexperia’s chips.

The Dutch government took control of Nexperia on September 30, saying its Chinese owner Wingtech was planning to move the company’s European production to China and that this would pose a threat to European economic security.

China responded by cutting off exports of the company’s finished chips, which are mostly packaged in China. It said this weekend it would begin accepting applications for exemptions, following a meeting between United States President Donald Trump and Chinese President Xi Jinping.

A spokesperson for the Dutch Ministry of Economic Affairs, which invoked a Cold War-era law to intervene at Nexperia, told Reuters that talks between both governments were still under way.

“We remain in contact with the Chinese authorities and our international partners to work toward a constructive solution that is good for Nexperia and our economies,” the spokesperson said on Tuesday.

European carmakers and suppliers have rushed to apply to China for Nexperia chip export exemptions, which need to be paid for in Chinese currency, or have sought alternative suppliers.

The CEO of Jeep and Fiat maker Stellantis told the Reuters news agency on Tuesday that Europe’s supply chain vulnerabilities were putting it at a competitive disadvantage versus its rivals in China.

“Today our system means we have zero autonomy as an industry,” Antonio Filosa said at a sector meeting in Paris. “Look at the Nexperia chip crisis. Look at the April rare earth crisis that we went through very painfully.”

‘De-escalate as soon as possible’

The European Commission said it welcomed industry indications that China had engaged with EU companies to restore a partial flow of chips, preventing a worst-case scenario and creating time and space to find a lasting solution.

A spokesperson for Nexperia, which has warned customers it cannot guarantee the quality of shipments from its Chinese site, said the company was focused on restoring supplies for customers and was seeking to “de-escalate as soon as possible.”

Ola Kaellenius, CEO of Mercedes-Benz, told Reuters in Paris that there were signs that an understanding was closer to being reached between China, Europe and the US, which had put Wingtech on an entity list late last year.

The German carmaker has sufficient chips for now, Kaellenius said, adding, “We will see what the American-Chinese agreement leads to. We are watching that carefully.”

A spokesperson for Wingtech was not available for comment. The company has said that “only by restoring full control” of Nexperia to its parent can the situation be resolved.

AMSTERDAM, Nov. 4, 2025 /PRNewswire/ — Reference is made to the announcements (i) dated 15 October 2025, announcing the declaration by Ferrovial SE (“Ferrovial“, Ticker: “FER”) of an interim scrip dividend of in aggregate EUR 342 million; and (ii) dated 23 October 2025, announcing the dividend per share in the share capital of Ferrovial, with a nominal value of EUR 0.01 each, amounting to EUR 0.4769.

Ferrovial announces that the dividend payment date will be accelerated and is now expected to be from 25 November 2025 instead of from 3 December 2025, as disclosed in the announcement dated 15 October 2025. Ferrovial intends to deliver treasury shares to shareholders who have elected or deemed to have elected shares, which generally allows for a quicker payment process compared to newly issued shares.

As further detailed in the announcement dated 15 October 2025, the distribution will be payable in shares or cash at the election of Ferrovial’s shareholders. If no election is made during the relevant election period, an election for a dividend in shares will be deemed to have been made and the dividend will consequently be paid in shares. The election period is currently ongoing and will lapse on 11 November 2025.¹

Forward-looking statements

This announcement contains forward-looking statements, which include statements with respect to the Company’s interim scrip dividend, including the expected main milestones and timing of the scrip dividend process. Any express or implied statements contained in this announcement that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding payment and timing of the scrip dividend, as well as statements that include the words “expect,” “will,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: risks related to our diverse geographical operations; risks related to our acquisitions, divestments and other strategic transactions that we may undertake; the impact of competitive pressures in our industry and pricing, including the lack of certainty and costs in winning competitive tender processes; general economic and political conditions and events and the impact they may have on us, including, but not limited to, volatility or increases in inflation rates and rates of interest, increased costs and availability of materials, and other ongoing impacts resulting from circumstances including changes in tariff regimes, the Russia/Ukraine conflict, and the Middle East conflict; the fact that our business is derived from a small number of major projects; cyber threats or other technology disruptions; our ability to obtain adequate financing in the future as needed; our approach to dividend or other distribution determinations and the ability to pay dividends at current levels; our ability to maintain compliance with the continued listing requirements of Euronext Amsterdam, the Nasdaq Global Select Market and the Spanish Stock Exchanges; lawsuits and other claims by third parties or investigations by various regulatory agencies that we may be subject to; our ability to comply with our ESG commitments or other sustainability demands; the impact of any changes governmental laws and regulations, including but not limited to tax regimes or regulations; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) for the fiscal year ended December 31, 2024 which is available on the SEC website at www.sec.gov, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this announcement speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. Forward-looking statements in this announcement are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by relevant safe harbor provisions for forward-looking statements (or their equivalent) of any applicable jurisdiction.

About Ferrovial 

Ferrovial is one of the world’s leading infrastructure companies. The Company operates in more than 15 countries and has a workforce of over 25,000 worldwide. Ferrovial is triple listed on Euronext Amsterdam, the Spanish Stock Exchanges and Nasdaq and is a member of Spain’s blue-chip IBEX 35 index. It is also included in globally recognized sustainability indices such as the Dow Jones Best in Class Index (former Dow Jones Sustainability Index), and strives to conduct its operations in compliance with the principles of the UN Global Compact, which the Company adopted in 2002.

¹ Banks and brokers may process the dividend in the default option as agreed upon in their contractual arrangements with Ferrovial shareholders or may set an earlier deadline for the receipt of election instructions from their clients to those detailed in the expected timetable. Ferrovial shareholders should contact their bank or broker to check their default option and timings.

SOURCE Ferrovial