The Dutch government says it’s relinquishing its control over Chinese-owned chipmaker Nexperia following a standoff between China and the Netherlands.

cross-posted from: https://lemmy.zip/post/53363554

Economics Affairs Minister Vincent Karremans said he was suspending an earlier order to take control of Nexperia under a rarely invoked Cold War-era law.

      • unexposedhazard@discuss.tchncs.deEnglish
        115·
        4 days ago

        The Dutch government had cited national security concerns and “serious governance shortcomings” when it took effective control of Nexperia, which is headquartered in the city of Nijmegen but owned by China’s Wingtech Technology.

        Karremans said he was suspending his order issued in late September as a “show of goodwill” in a decision that came after “constructive meetings” with Chinese authorities over the past few days.

        Basically the chinese were doing a shit job of running this vital chip company so the Dutch government said “Get your shit together or we are taking your company”. And thats what they did for a few weeks which apparently led to the holding of a “constructive meetings with Chinese authorities"

        • Riddick3001@lemmy.worldEnglish
          6·
          3 days ago

          “constructive meetings with Chinese authorities"

          I hope they really were constructive.

          Also the Dutch got a lot of heat from basically everywhere ( Europe), the Chinese maybe too, because of the chipshortages. So there was pressure coming from everywhere.

        • geneva_convenience@lemmy.mlEnglish
          42·
          3 days ago

          No the US commanded the Dutch to seize Nexperia as a bargaining chip against China. The Dutch obeyed like good slaves.

    • evenglow@lemmy.worldEnglish
      63·
      4 days ago

      You know people can read the article right?

      The dispute is an example of how Europe is caught between Washington and Beijing in their rivalry over trade and tech.

      Netherlands issued its seizure order after the United States last year put Wingtech on its “entity list” of companies that face export controls, and then expanded it in September to include subsidiaries including Nexperia.