Dutch government takes control of Chinese-owned chipmaker Nexperia in 'highly exceptional' move - Lemmy.World

The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, in an extraordinary move to ensure a sufficient supply of its chips remains available in Europe amid rising global trade tensions. Nexperia, a subsidiary of China’s Wingtech Technology, specializes in the high-volume production of chips used in automotive, consumer electronics and other industries, making it vital for maintaining Europe’s technological supply chains. On Sunday evening, the Dutch Minister of Economic Affairs revealed that it had invoked the “Goods Availability Act” on the company in September in order “to prevent a situation in which the goods produced by Nexperia (finished and semi-finished products) would become unavailable in an emergency.”