Dutch Government Seizes Chinese-Owned Nexperia
The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor company based in the Netherlands.
The move is aimed at preventing vital chip technology from leaving Europe, citing a threat to the continuity and safeguarding of crucial technological knowledge and capabilities on Dutch and European soil.
“a threat to the continuity and safeguarding! on Dutch and European soil of crucial technological knowledge and capabilities.”
- Nexperia was spun out of NXP Semiconductors in 2017.
- The company was acquired by a state-backed Chinese consortium for $2.75 billion.
- Shares were later transferred to Chinese tech firm Wingtech, which gained majority control in 2019.
The decision marks a new sour note in the ongoing tech dispute between China and the West over semiconductors and critical minerals.
Author's summary: Dutch government seizes Nexperia to keep chip tech in Europe.