- Reaction score
- 2,276
The Dutch government has taken control of Nexperia, a Chinese-owned chipmaker based in the Netherlands, in a bid to safeguard the European supply of semiconductors for cars and other electronic goods and protect Europe's economic security.
The Hague said it took the decision due to "serious governance shortcomings" and to prevent the chips from becoming unavailable in an emergency.
Nexperia's owner Wingtech said on Monday that it would take actions to protect its rights and would seek government support.
The development threatens to raise tensions between the European Union and China, which have increased in recent months over trade and Beijing's relationship with Russia.
In December 2024, the US government placed Wingtech on its so-called "entity list", identifying the company as a national security concern.
Under the regulations, US companies are barred from exporting American-made goods to businesses on the list unless they have special approval.
www.bbc.com
The Hague said it took the decision due to "serious governance shortcomings" and to prevent the chips from becoming unavailable in an emergency.
Nexperia's owner Wingtech said on Monday that it would take actions to protect its rights and would seek government support.
The development threatens to raise tensions between the European Union and China, which have increased in recent months over trade and Beijing's relationship with Russia.
In December 2024, the US government placed Wingtech on its so-called "entity list", identifying the company as a national security concern.
Under the regulations, US companies are barred from exporting American-made goods to businesses on the list unless they have special approval.
Nexperia: Dutch government takes control of China-owned chip firm
The move, which is aimed to protect supplies of technology, could raise tensions between the EU and China.
www.bbc.com
