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Geopolitical Tensions Escalate: Nexperia Crisis Hits EU Auto Industry as Russia Tests Nuclear-Powered Missile
Stock Market News· 2025-10-27 15:08
Key TakeawaysThe Dutch government's seizure of Chinese-owned chipmaker Nexperia has triggered a retaliatory export ban from China, threatening severe disruptions for the European automotive industry, which relies on Nexperia for nearly 50% of its electronic components. German automakers, including Volkswagen AG (VOW.DE), face potential production drops of 10-30%.Russian President Vladimir Putin announced the successful test of the nuclear-powered Burevestnik cruise missile (NATO designation: SSC-X-9 Skyfall ...