The Netherlands has seized control of chipmaker Nexperia amid growing global trade tensions
The Dutch government has taken control of a Chinese-owned chipmaker based in the Netherlands, citing risk to the EU’s economic and technological security. The firm called the move “excessive,” saying it complied with all relevant laws and regulations.
The Netherlands Economy Ministry revealed late on Sunday that it had invoked a never-before-used emergency law to take control of manufacturer Nexperia, owned by China’s Wingtech Technology.
Once part of Dutch electronics group Philips, Nexperia specializes in the high-volume production of chips used in the…
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