Netherlands Takes Control of Chipmaker Amid China Concerns
The Dutch government has taken control of Nexperia, a chipmaker, due to concerns that European technology could be exposed to its Chinese parent company, Wingtech Technology.
Nexperia, based in the Netherlands, has been majority-owned by Wingtech since 2019. The Ministry of Economic Affairs intervened under the Dutch Goods Availability Act, citing "acute signals of serious governance shortcomings and actions" within the company.
The move allows the government to block or reverse management decisions deemed harmful to the company's interests or European technological sovereignty. Production will continue as normal.
The intervention is due to "serious governance shortcomings" at the company.
Author's summary: Netherlands takes control of Nexperia due to China concerns.
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