Netherlands Seizes Control of Nexperia Semiconductor Firm From Chinese Owner in Strategic Industry Protection Move
The Netherlands has invoked a 73-year-old security law to seize control of semiconductor firm Nexperia from its Chinese owner. The unprecedented move represents Europe’s most aggressive action yet to protect strategic industries from foreign control amid growing tensions between Western nations and China.
Dutch Government Invokes Security Law to Seize Semiconductor Firm
The Netherlands has taken the unprecedented step of seizing control of semiconductor manufacturer Nexperia from its Chinese owner, according to reports from Dutch media. Sources indicate the Ministry of Economic Affairs quietly assumed control of the Nijmegen-headquartered company on September 30th using a 73-year-old law that allows state takeovers for security purposes.