Dutch government relinquishes control of Chinese-owned chipmaker Nexperia (apnews.com)
from schizoidman@lemmy.zip to world@lemmy.world on 19 Nov 13:23
https://lemmy.zip/post/53363558

cross-posted from: lemmy.zip/post/53363554

Economics Affairs Minister Vincent Karremans said he was suspending an earlier order to take control of Nexperia under a rarely invoked Cold War-era law.

#world

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unexposedhazard@discuss.tchncs.de on 19 Nov 14:27 collapse

So the threat worked. Who would have guessed? Sounds like the dutch have smart people in power.

Frozentea725@feddit.uk on 19 Nov 15:35 next collapse

Sorry, I’m a little out the loop, the threat by whom, China to restrict exports?

unexposedhazard@discuss.tchncs.de on 19 Nov 15:40 collapse

The Dutch government had cited national security concerns and “serious governance shortcomings” when it took effective control of Nexperia, which is headquartered in the city of Nijmegen but owned by China’s Wingtech Technology.

Karremans said he was suspending his order issued in late September as a “show of goodwill” in a decision that came after “constructive meetings” with Chinese authorities over the past few days.

Basically the chinese were doing a shit job of running this vital chip company so the Dutch government said “Get your shit together or we are taking your company”. And thats what they did for a few weeks which apparently led to the holding of a “constructive meetings with Chinese authorities"

HowRu68@lemmy.world on 19 Nov 22:37 next collapse

“constructive meetings with Chinese authorities"

I hope they really were constructive.

Also the Dutch got a lot of heat from basically everywhere ( Europe), the Chinese maybe too, because of the chipshortages. So there was pressure coming from everywhere.

geneva_convenience@lemmy.ml on 19 Nov 23:21 collapse

No the US commanded the Dutch to seize Nexperia as a bargaining chip against China. The Dutch obeyed like good slaves.

evenglow@lemmy.world on 19 Nov 16:00 collapse

You know people can read the article right?

The dispute is an example of how Europe is caught between Washington and Beijing in their rivalry over trade and tech.

Netherlands issued its seizure order after the United States last year put Wingtech on its “entity list” of companies that face export controls, and then expanded it in September to include subsidiaries including Nexperia.