If China wants to, they can try to work out a deal of returning Nexperia's German fab to WingTech in exchange for resumption of supplies to German automakers. However, China probably doesn't care about re-acquiring the old German fab anymore when it can just be seized again whenever the Europeans feel like it.
The fact that the German FM just cancelled his trip to China because no one in China will meet with him suggests that China is just going for inflicting maximum pain at this point.
https://www.theage.com.au/politics/federal/here-for-the-long-term-us-seeks-to-entrench-presence-in-australia-under-aukus-20251023-p5n4rg.html ... German FM will allegedly make a visit to China. https://v.douyin.com/vP7VI2n-ewU/
www.sinodefenceforum.com
IMO most likely outcome is this:
- Dutch goverment agree to pay Wingtech for Nexperia Europe shares they stole, thereby they get to retain control of Nexperia Europe
- Nexperia China becomes (remain) independ entity, China relax export ban on Nexperia China, thereby solving automaker problems
- Netherland will spend 2 to 6 month discovering its not easy to build packaging plant with billion chip output, after which, being unable to keep Nexperia Europe operating without sales, they will attempts to sell their German and UK fabs to another semi company
- Only Chinese semi will bid or nobody bids, in either case they wont be able to sell them
- Nexperia Europe closes, German and UK fab shutdown, Nexperia China only survivor. China basically take over 100% Nexperia without European fabs.
- Netherland end up paying Wingtech to get rid of Nexperia Europe.
It might seem far fetched for Dutch to pay Wingtech just to lose everything, but thats only if they knew Chinese packaging plants are critical and not someting they can afford to spin up in a short time. If they knew rhis they wouldnt have started the whole fiasco to begin with.