Dutch Government Seizes Control of Nexperia
The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor company based in the Netherlands.
The reason behind this move is to prevent vital chipmaking technology from leaving Europe, as stated by the government, citing 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.
- In 2017, it was acquired by a state-backed Chinese consortium for $2.75 billion.
- In 2019, Chinese tech firm Wingtech took majority control of the company.
The move is necessary because of “a threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities.”
This action marks the first time the Dutch government has invoked its Goods Availability Act and is seen as another point of tension 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.
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