BEIJING, Nov 2 (Reuters) - Dutch chipmaker Nexperia's

China unit said on Sunday that it had established "sufficient

inventories of finished goods and work-in-progress" and that its

supply chain remained secure and stable after its parent halted

wafer supplies.

The Dutch company suspended supplies of wafers to its

Chinese assembly plant on October 26, calling it "a direct

consequence of the local management's recent failure to comply

with the agreed contractual payment terms," Reuters reported on

Friday.

Its China unit called Nexperia's suspension "unilateral" and

"extremely irresponsible", adding the Dutch parent's claim about

contractual payment was "misleading and highly deceptive",

according to a statement Nexperia China released early on

Sunday.

Nexperia China had asserted it had the right to operate

independently of Nexperia Netherlands after Dutch authorities in

September took over control of Nexperia from its Chinese owner

Wingtech, citing concerns about possible technology

transfers.

Beijing responded by blocking the company's products from

leaving China.

"We have proactively initiated multiple contingency plans

and are accelerating the qualification of new wafer supply

sources," the Chinese unit said on Sunday on its Chinese social

media account, adding that it expected to meet all customers'

demands starting next year.

Existing inventories would sustain the Chinese unit's order

fulfilment "through year-end and beyond," it added.

Nexperia makes basic, inexpensive power-control chips such

as transistors and diodes that cost only a few cents to buy.

However, such chips are needed in almost every device that

uses electricity, and automakers that use Nexperia's chips have

also warned of potential production disruptions.

The White House is expected to announce that Nexperia's

China facilities will resume shipments, Reuters reported on

Friday, after a trade truce was struck at a summit between U.S.

President Donald Trump and his Chinese counterpart Xi Jinping in

South Korea.

China's commerce ministry said on Saturday it would consider

exemptions for Nexperia's chip exports from the country.