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The Independent UK
The Independent UK
Shweta Sharma

Netherlands seizes control of Chinese-owned chipmaker under Cold War-era law

Nexperia Wingtech

The Dutch government has seized control of Chinese-owned chipmaker Nexperia, invoking an emergency Cold-War era law in a move that is likely to heighten trade tensions with Beijing.

It claimed that the “highly exceptional” decision to invoke the Goods Availability Act was necessitated by “serious governance shortcomings” at the semiconductor manufacturer, owned by Wingtech Technology of China and headquartered in Nijmegen.

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