Nexperia's Dutch headquarters says it welcomes announcements lifting block on shipping chips

Nexperia BV, the Dutch chipmaker, said on Sunday it welcomed recent statements by the U.S. and Chinese governments removing barriers to the company shipping its chips, but it declined to comment on statements made by its Chinese subsidiary that it will accelerate steps towards becoming independent.

Nexperia said its focus is now on ensuring the stability of supply to customers. The Dutch government said separately it is continuing talks with the Chinese and other governments, and industry, on a "constructive way forward" for Nexperia.

A fight over control of Nexperia, which makes large volumes of basic chips used in cars, has led to shortages and alarmed automakers around the globe.

Reporting by Toby Sterling; Editing by Hugh Lawson

Turkey buys more non-Russian oil

 LONDON/MOSCOW, Nov 2 (Reuters) - Turkey's largest oil refineries are buying more non-Russian oil in response to the latest Western sanctions on Russia, two people with direct knowledge of the matter and several industry sources told Reuters.

Turkey is a major buyer of Russian crude along with China and India. Turkish refiners are now taking similar steps to those in India, a sign of the impact of U.S., European Union and UK efforts to clamp down on Russian oil sales used to fund the war in Ukraine.

One of the largest Turkish refineries, SOCAR Turkey Aegean Refinery (STAR), owned by Azeri company SOCAR, has recently bought four cargoes of crude from Iraq, Kazakhstan and other non-Russian producers for December arrival, according to the sources.

This amounts to 77,000 to 129,000 barrels per day (bpd) of non-Russian supply depending on cargo size based on Reuters calculations, and means SOCAR will be using less Russian crude.

Russian crude amounted to virtually all of the STAR refinery's crude intake in October and September of about 210,000 bpd, according to Kpler data.

One of the four cargoes is a Kazakh KEBCO shipment, two sources said, the same in quality as Russian Urals crude, but sourced from Kazakhstan. SOCAR's STAR refinery imported just one other cargo of the Kazakh grade this year, and none in 2024.

The other major Turkish refiner - Tupras (TUPRS.IS), opens new tab - is increasing purchases of non-Russian grades similar in quality to Russian Urals, for example Iraqi grades, two of the sources said, without giving further details.

The moves by the Turkish refiners to boost purchases of non-Russian crude due to the latest sanctions have not been previously reported.

Tupras, which owns two major refineries in Turkey, is also likely to completely phase out Russian crude imports at one of these plants soon so that it can maintain fuel exports to Europe without falling foul of the EU's incoming sanctions, two sources said. The company would continue processing Russian crude at the other refinery, they said.

SOCAR declined to comment. Tupras did not respond to a Reuters request for comment.

Tupras has already diversified its crude supply this year, buying its first-ever cargo from Brazil and is currently waiting to receive its second ever cargo of Angolan crude, a Mostarda cargo due to arrive in early November.

Turkey is set to receive 141,000 bpd of Iraqi crude in November, according to Kpler, up from 99,000 bpd in October and compared with around 80,000 bpd on average this year. December data is not yet available.

Turkey imported around 669,000 bpd of crude oil over January-October, data from Kpler show, of which 317,000 bpd, or 47%, was Russian.

That compares with 580,000 bpd of crude imports over the same period last year, of which 333,000 bpd was from Russia.

Reporting by Robert Harvey, Ahmad Ghaddar and Enes Tunagur in London, Reuters reporters in Moscow. Editing by Alex Lawler and Sharon Singleton

Taiwan unveils first missile jointly with American

A low-cost autonomous cruise missile is displayed during the Taipei Aerospace & Defense Technology Exhibition in Taipei on September 17, 2025. 

I-Hwa Cheng/AFP/Getty Images

Taipei, Taiwan — 

Taiwan has unveiled a prototype cruise missile, developed jointly with a US arms maker and set to be manufactured on the island, as it tries to build up its weapons industry to deter any possible military threats from China.

The government-owned National Chung-Shan Institute of Science and Technology (NCSIST), Taiwan’s top arms manufacturer, showcased the “low-cost autonomous cruise missile” it developed together with Anduril Industries, a relative newcomer to the ranks of American defense contractors, ahead of the island’s largest defense expo that began Thursday.

China views Taiwan as its own territory and has vowed to seize it – by force if necessary. Under leader Xi Jinping, China has intensified military, diplomatic and economic pressure on Taiwan, regularly sending fighter jets and warships, looking to squeeze its presence on the world stage.

In the face of the China threat, Taiwan President Lai Ching-te recently announced that Taiwan will raise defense spending to 5% of its GDP before 2030.

Adapted from Anduril’s Barracuda-500, an autonomous, low-cost loitering ammunition launched from aircraft that is undergoing tests by the US military, the new land-mobile missile can be used against targets at sea or on land. NCSIST did not give a range for the missile.

Taiwan aims to roll out the production line of the missile in the next year and a half, capping the cost per missile at approximately $216,000, NCSIST President Li Shih-chiang, told reporters on Wednesday.

“The entire supply chain of the missile will be in Taiwan. That is the overall direction of all future cooperation,” Li said.

The NCSIST also displayed a prototype of an underwater drone and an underwater autonomous mobile mine that it aims to jointly develop and produce with Anduril.

Washington is Taiwan’s main international backer and security guarantor and for decades has been the primary supplier of weapons to Taipei. In recent years, however, US deliveries have been slowed as demand for weapons worldwide has surged, straining American manufacturers.

CNN has reached out to the Pentagon and Anduril for comment.

A Chiang-Kong missile and the launcher, a new generation anti-ballistic missile air defense system developed by the National Chung-Shan Institute of Science and Technology (NCSIST), are displayed during the Taipei Aerospace & Defense Technology Exhibition in Taipei on September 17, 2025. 

I-Hwa Cheng/AFP/Getty Images

Li, president of NCSIST, added that the institute will sign two contracts and four memorandums of understanding with six US and Canadian companies during the three-day defense trade show.

During a visit to Taiwan last month, Anduril founder Palmer Luckey hailed the island’s manufacturing capabilities and technological prowess.

“Taiwan is on the verge of a techno industrial renaissance in national defense, one that’s built on top of its techno industrial renaissance in consumer electronics, in industrial electronics, one that’s made Taiwan the envy of the world,” Luckey said.

China warns against interference

Chinese Defense Minister Dong Jun lashed out at “external military interference” on Taiwan at an annual defense forum in Beijing on Thursday.

“We will never allow any separatist plot for Taiwan independence to succeed, and we stand ready to thwart any external military interference at any time,” Dong told defense officials, military personnel and scholars gathered at the Beijing Xiangshan Forum.

Dong also condemned “Cold War mentality, hegemonism and protectionism” – phrases that Beijing has long used to criticize the US – and called for countries to stand up against “bullying acts.”

Last week, Dong raised the issue of Taiwan – the reddest of red lines for Beijing – in his first call with US Defense Secretary Pete Hegseth, warning that any attempt to use the island to contain China is “doomed to fail.”