Netherlands cracks down on China-owned chip firm over security risk

OCT 13 - The Dutch government said on Sunday that it had taken the "highly exceptional" decision to intervene at Chinese-owned chipmaker Nexperia over a Kenya breaking news | Kenya news today |..

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The Dutch government has taken the "highly exceptional" step of intervening at Chinese-owned chipmaker Nexperia due to a potential "risk to Dutch and European economic security." This move has strained relations between the EU and China.

The Netherlands' economic affairs ministry invoked its Goods Availability Act over "acute signals of serious governance shortcomings" within Nexperia.
Nexperia, which makes semiconductors for cars and consumer electronics, was previously forced to sell its silicon chip plant in Newport, Wales.
Wingtech, Nexperia's parent company, saw its Shanghai-listed shares fall by 10% and is on the US "entity list," facing restrictions on American-made goods.

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