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.

  • 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.