Dutch Government Takes Control of Chinese-Owned Chipmaker Nexperia to Secure European Supply
By
piskov
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The Dutch government has taken the extraordinary step of invoking the Goods Availability Act to gain control over Nexperia, a Chinese-owned semiconductor manufacturer based in the Netherlands. This highly exceptional move aims to ensure sufficient chip supply remains available in Europe amid rising global trade tensions. Nexperia, a subsidiary of China's Wingtech Technology, specializes in high-volume production of chips used in automotive, consumer electronics, and other industries, making it vital for maintaining Europe's technological supply chains.
Key quotes
· 3 pulledThe Dutch government has taken control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, in an extraordinary move to ensure a sufficient supply of its chips remains available in Europe amid rising global trade tensions.
Nexperia, a subsidiary of China's Wingtech Technology, specializes in the high-volume production of chips used in automotive, consumer electronics and other industries, making it vital for maintaining Europe's technological supply chains.
On Sunday evening, the Dutch Minister of Economic Affairs revealed that it had invoked the 'Goods Availability Act' to take control of Nexperia.
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