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Dutch government takes control of Chinese-owned chipmaker Nexperia

Source

Hacker News

Published

TL;DR

AI Generated

The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor maker in the Netherlands, invoking the Goods Availability Act to ensure chip supply amid global trade tensions. Nexperia, a Wingtech subsidiary, produces chips crucial for European supply chains. The move follows governance concerns and signals of risk to Dutch and European economic security. Wingtech confirmed Nexperia is under external management, with its chairman suspended. The action may strain China-Netherlands trade relations.