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Netherlands returns control of Nexperia to Chinese owner

bloomberg.com

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Re: Netherlands returns control of Nexperia to Chinese owner

#21

Post by goobatrooba »

mainecoder wrote: post #5

Well the Chinese are powerful and without the help of the US the Netherlands can't do much. Additionally, the process of moving discrete semiconductor production to China is already underway. Production in Hamburg will stop sometime in late 2029 and the R&D center in Nijmegen, Delft will close done late 2028. The US should have helped the Netherlands but now it is over the Chinese won this battle and fairly easily th…

They didn't use the EU, they put pressure on companies in other countries, notably Germany, which then did the rest.

Re: Netherlands returns control of Nexperia to Chinese owner

#23

Post by rzerowan »

I think the headline is incorrect , as far as the timeline goes there were TWO separate actions. The first was the Business Court removing the CEO and the Board, the second was the ministrial action to take over Nexperia NL business as part of the wartime measure.

These were all precipitated by the US BIS50+ ruling that threatend to sanction any Chinese subsidiary of any company on the Entity list , which increaed the list from something like 1500 to 30k companies overnight with Nexperia in the mix.

After the recent US-China talks and the suspension of the rule , the Dutch have in kind made movements to backtrack.

However at this point its only the Ministerial action that has been suspended i.e the SECOND action.

The FIRST action by the Business courts still remains in place , so the CEO/Board is still outed.

Re: Netherlands returns control of Nexperia to Chinese owner

#24

Post by MangoToupe »

Okkef wrote: post #15
damn3849472 wrote: post #13

I must say I feel very vindicated by this. The seizure of control of the company just for appointing a CEO from China (the horror!) never smelled right to me, but everyone in the previous comment section on this tried to rationalize it with "There must be some legitimate national security reason for the Dutch to do this". Clearly not much of a threat for them to cave so quickly!

[flagged]

> It was because he was directing funds to a Chinese company which did not make any business sense and leaking all kinds of intellectual property to China.

Oh no, not the free market! Is this a leopard eating our face?

I, for one, welcome our new Chinese overlords, and let IP be consigned to ash.

Re: Netherlands returns control of Nexperia to Chinese owner

#25

Post by jambutters »

Okkef wrote: post #15
damn3849472 wrote: post #13

I must say I feel very vindicated by this. The seizure of control of the company just for appointing a CEO from China (the horror!) never smelled right to me, but everyone in the previous comment section on this tried to rationalize it with "There must be some legitimate national security reason for the Dutch to do this". Clearly not much of a threat for them to cave so quickly!

[flagged]

Don't Chinese FULLY own nexperia though? And I don't think bots would have their name highlighted in green and write on a fringe website compared to reddit or youtube

Re: Netherlands returns control of Nexperia to Chinese owner

#26

Post by [deleted] »

RAMJAC wrote: post #3
lysace wrote: post #2

> The order that gave the Netherlands powers to block or revise decisions at Nexperia was dropped as “a show of goodwill” Why wouldn't CCP/Beijing just be emboldened by this? Why do the dutch feel the need to show goodwill towards CCP? (Edit: I see a lot of turbulence with this comment. I wonder why people seem to think it's invalid. The Chinese government runs these strategic companies very closely. China is not a d…

$$$

[deleted]

Re: Netherlands returns control of Nexperia to Chinese owner

#28

Post by MiiMe19 »

MangoToupe wrote: post #24
Okkef wrote: post #15

Earlier quoted context omitted.

[flagged]

> It was because he was directing funds to a Chinese company which did not make any business sense and leaking all kinds of intellectual property to China. Oh no, not the free market! Is this a leopard eating our face? I, for one, welcome our new Chinese overlords, and let IP be consigned to ash.

The free market should be used to benefit $my_country and should be ignored if it hurts my interests. If the free market is hurting my country, then why play by those rules when I can just use my other resources to get what I want?

Re: Netherlands returns control of Nexperia to Chinese owner

#29

Post by t0mas88 »

damn3849472 wrote: post #13

I must say I feel very vindicated by this. The seizure of control of the company just for appointing a CEO from China (the horror!) never smelled right to me, but everyone in the previous comment section on this tried to rationalize it with "There must be some legitimate national security reason for the Dutch to do this". Clearly not much of a threat for them to cave so quickly!

The CEO is still out, the court did that (based on a case brought by other officers of the company). It can't be reversed by the Dutch government.
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