Dutch Government Ousts Nexperia CEO Over China Ties
The Dutch government has taken the rare move of ousting the Chinese CEO of Nexperia, a semiconductor chip manufacturer.
According to the Ministry of Economic Affairs, the government intervened due to concerns about crucial technologies disappearing from the Netherlands and Europe.
There were “acute signals of serious governance shortcomings and actions” at Nexperia, posing a threat of knowledge leak and risk to economic security.
- The Ministry of Economic Affairs announced the intervention in a press release on Sunday.
- Documents from Nexperia's Chinese owner, Wingtech, revealed the removal of CEO Zhang Xuezheng from his position.
Author's summary: Dutch government removes Nexperia CEO due to China ties concerns.