Netherlands Takes Control of Chinese-Owned Chipmaker Nexperia

TaiwanPlus News

The Dutch government has invoked the Goods Availability Act to take control of Nexperia, a Chinese-owned chipmaker based in the Netherlands, to secure Europe’s supply of chips used in cars and consumer electronics.

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00:00The Dutch government has taken control of Nexperia, a chipmaker based in the Netherlands,

00:05to prevent key technology from being transferred to its parent company in China.

00:10It's the first time the Netherlands has invoked the Goods Availability Act, citing economic security concerns.

00:17The move allows the country's economy minister to block company decisions and suspend executives,

00:23while ensuring chip production continues in Europe.

00:25Nexperia's Chinese parent company, Lintec, slammed the move as politically driven.

00:31The decision comes as tensions between the EU and China rise over access to advanced technology and critical raw materials.

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