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  • 7 weeks ago
The Dutch government has taken control of chipmaker Nexperia, citing risks that its Chinese parent Wingtech could transfer sensitive technology to China.
Transcript
00:00The Dutch government has taken control of chipmaker Nexperia,
00:04citing fears that its Chinese parent company Wingtech
00:08could transfer sensitive technology to China.
00:12Authorities said the move protects Dutch and European economic security
00:17and gives the government power to block company decisions deemed harmful.
00:23Despite the move, production at Nexperia, headquartered in Neimehe, can continue as normal.
00:29Nexperia makes semiconductors used in European cars and consumer electronics.
00:34The announcement sent Wingtech's shares down 10% in Shanghai on Monday.
00:39Nexperia said it is consulting lawyers and seeking government support to protect its rights.
00:44It noted that a recent Amsterdam court ruling suspending its chairman,
00:47Zhang Xuezheng, also affected decision-making and operations.
00:52Wingtech was placed on the United States entity list in December 2024
00:56over national security concerns.
00:59Do notrete Nexperia was placed on the approval ofículo 13 months.
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01:09rozeman can be and and can be
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