Dutch government seizes local chipmaker from its Chinese owner — Nexperia parent company Wingtech preps response to ‘exceptional’ steps taken to safeguard ‘crucial technological knowledge’

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The Dutch government has taken the “exceptional” step of seizing control of strategically important Dutch chip maker, Nexperia, from its Chinese owner, Wingtech, according to Reuters. The government says it is concerned that important technologies could be transferred to the Chinese parent company. With this manoeuvre, it can block any such attempts, maintaining this “crucial technological knowledge and capabilities on Dutch and European soil.”

Nexperia is one of the largest companies in the world when…



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Dutch government seizes local chipmaker from its Chinese owner — Nexperia parent company Wingtech preps response to ‘exceptional’ steps taken to safeguard ‘crucial technological knowledge’



The Dutch government has taken the “exceptional” step of seizing control of strategically important Dutch chip maker, Nexperia, from its Chinese owner, Wingtech, according to Reuters. The government says it is concerned that important technologies could be transferred to the Chinese parent company. With this manoeuvre, it can block any such attempts, maintaining this “crucial technological knowledge and capabilities on Dutch and European soil.”

Nexperia is one of the largest companies in the world when…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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