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 aerial photo of a Taiwan Semiconductor Manufacturing Company (TSMC) factory in Nanjing, in Jiangsu Province, China, on Aug. 10, 2022. Photo by STR/AFP via Getty Images

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).