Dutch Government Seizes Control of China-Owned Chipmaker Nexperia

The intervention gives the government the power to reverse or block management decisions it sees as harmful.

An employee works with a wafer in a production line of Dutch semiconductor company Nexperia, in Hamburg, Germany, on June 27, 2024. Fabian Bimmer/Reuters

The Netherlands government announced on Oct. 12 that it is taking control of a Dutch chipmaker over concerns about the potential transfer of crucial technology to its Chinese parent company.

Nexperia, which manufactures semiconductors for cars and consumer electronics, is owned by Jiaxing-based company Wingtech, which is partially owned by the Chinese Communist Party (CCP).