This excuse could be used by many countries to seize European companies controlling strategic national resources
Dutch government takes control of Chinese-owned chipmaker Nexperia
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Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#22[flagged]
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#23Some more context from a dutch news source[0]: The ministry of economic affairs intervened out of a fear that crucial technological skills and capacities will leave the Netherlands and Europe. The ministry stated in a press release[1] that there was a threat of a "knowledge leak" (w/e that means exactly) and a possible threat to the European economy. After this intervention the Dutch government can now stop or revers…
So what just happened logistically? I assume this is an entirely independent Chinese company without some Dutch sponsor or something. That conforms to local regulations. But now The Dutch government says "we have this new power over you" and that is that. With the consequence presumably being export control on dutch tech, banning from their market, etc? Or were there any more hooks planted that make it easier to forc…
It's worth noting that Nexperia is a spin-off of NXP (Dutch company) which itself is a spin-off of Philips' (Dutch company) semiconductor division.
It's also worth noting that Nexperia's Chinese owners (Wingtech) are at least partially state controlled.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#24This excuse could be used by many countries to seize European companies controlling strategic national resources
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#25Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#26It's ok. It's fine when the EU does it. It's only wrong and against capitalism when others do it. Like protectionism.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#27It's ok. It's fine when the EU does it. It's only wrong and against capitalism when others do it. Like protectionism.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#28Some more context from a dutch news source[0]: The ministry of economic affairs intervened out of a fear that crucial technological skills and capacities will leave the Netherlands and Europe. The ministry stated in a press release[1] that there was a threat of a "knowledge leak" (w/e that means exactly) and a possible threat to the European economy. After this intervention the Dutch government can now stop or revers…
And of course, the jobs disappeared from Germany.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#29This excuse could be used by many countries to seize European companies controlling strategic national resources
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#30Some more context from a dutch news source[0]: The ministry of economic affairs intervened out of a fear that crucial technological skills and capacities will leave the Netherlands and Europe. The ministry stated in a press release[1] that there was a threat of a "knowledge leak" (w/e that means exactly) and a possible threat to the European economy. After this intervention the Dutch government can now stop or revers…
Germany implemented something similar like this after China took over Kuka (industry leading robotics) and practically build an entire industry of robotics in China after that. And of course, the jobs disappeared from Germany.