Dutch Government Seizes Control of China-Owned Chipmaker Nexperia
Dutch authorities have invoked emergency powers under the Availability of Goods Act to take temporary control of Nexperia, a Chinese-owned semiconductor company, citing risks to critical technology supply. The move follows court orders suspending the CEO and transferring management authority to Dutch executives, causing a 10% drop in Wingtech’s shares. Wingtech criticized the intervention as politically motivated, alleging unfair management attempts by non-Chinese executives.
The Dutch government’s intervention has sparked significant debate, with Wingtech accusing the Netherlands of overstepping its authority in a manner driven by geopolitical tensions. The company’s statement emphasized that the Dutch government’s actions were based on a