The Dutch government, citing “crucial technological knowledge”, took control of the Chinese semiconductor company, acquired by Wingtech in 2018.
In a move that underscores growing global tensions over semiconductor technology, the Dutch government has assumed control of Chinese-owned chipmaker Nexperia, citing national security concerns tied to technology transfer. The decision, announced late Sunday, marks the first-ever use of the Netherlands’ “Availability of Goods Act”, a law designed to protect critical industries.
Nexperia, which produces chips used in automobiles and consumer electronics, is a subsidiary of China’s Wingtech Technology. The government’s intervention reflects increasing Western scrutiny over Chinese involvement in key technology sectors. Following the announcement, Wingtech’s shares dropped 10% in Shanghai trading on Monday, signaling market unease as global competition over chip manufacturing and intellectual property intensifies.
