Dutch government takes control of China-owned chip firm

The Dutch government has taken control of Nexperia, a semiconductor firm owned by China's Wingtech Technology. This decision is part of the Netherlands' efforts to safeguard the supply of critical technology. The takeover of Nexperia, which operates a chip factory in the Dutch city of Nijmegen, is seen as a move to protect the country's strategic interests in the semiconductor industry. The Dutch government cited national security concerns as the reason for the intervention. The decision could potentially escalate tensions between the European Union and China, as it represents a shift in the EU's approach towards foreign ownership of companies deemed crucial to its technological and economic sovereignty. The Dutch government's action highlights the growing importance of semiconductor technology and the strategic importance of maintaining control over such critical infrastructure, especially in the context of global supply chain disruptions and geopolitical rivalries.
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