The Dutch government has said it is taking control of Dutch chipmaker Nexperia, which manufactures computer chips for the car and consumer electronics industries, due to worries about the possible transfer of crucial technology to its Chinese parent company, Wingtech.
The Dutch government has intervened in the business of Nexperia, a Chinese-owned semiconductor company, due to concerns about governance. The Dutch ministry of economic affairs announced this decision on Sunday, citing risks to Dutch and European technological security.
The Dutch government has taken control of a Chinese chip-making company based in the Netherlands to ensure the country's future access to semiconductors.
The Dutch government seized Nexperia following a US warning that the chipmaker would have to replace its Chinese chief executive officer to stay off the sanctions list, according to a Dutch court filing.
