Netherlands government invokes ’emergency powers’ to take control of Chinese chip company banned by America for ‘helping …’
In what can be seen as escalating geo-political war on trade relations, the Dutch government has taken control of Nexperia, a Netherlands-based chipmaker owned by China’s Wingtech Technology. The decision, announced by the Dutch Minister of Economic Affairs, invokes the “Goods Availability Act” to ensure the availability of Nexperia’s chips amid escalating global trade tensions….