China's Wingtech: Dutch court freezes control of Nexperia
9 hours ago
- #National security
- #China-Netherlands relations
- #Semiconductor industry
- Chinese tech company Wingtech reports Dutch court froze control of its subsidiary Nexperia.
- Dutch Ministry of Economic Affairs invoked the Goods Availability Act citing governance issues at Nexperia.
- Wingtech criticizes the move as 'excessive intervention driven by geopolitical bias'.
- Dutch government claims action was necessary to protect national and European economic security.
- Automotive sector highlighted as particularly vulnerable to the loss of Nexperia's capabilities.