Dutch Government Seizes Control of Chinese-Owned Nexperia to Safeguard Europe’s Chip Supply
The Dutch government has invoked emergency powers to take control of Nexperia, a critical semiconductor manufacturer owned by China's Wingtech Technology. This unprecedented MOVE under the Goods Availability Act reflects growing European concerns over technological sovereignty and supply chain security.
Nexperia's chips power everything from automotive systems to telecommunications infrastructure, making it a strategic asset for Europe's industrial base. The intervention follows reports of governance issues that threatened operational continuity, with Wingtech shares plunging 10% on the news.
The decision intensifies ongoing tensions between the EU and China in the global semiconductor race. By securing control until at least September 2025, Dutch authorities aim to prevent potential disruptions to Europe's tech ecosystem during geopolitical uncertainties.
