I smell a loose loose situation ahead. Nexperia will have problems sourcing there materials in the future and Europe will sit on a husk of the former company. China is not unheard of starving things they do not benefit from
Dutch government takes control of Chinese-owned chipmaker Nexperia
341–350 of 668 posts
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#342Earlier quoted context omitted.
Everybody is a fan of free access and capital markets, until a foreign entity purchases something of importance. It’s a continuation of recent trends and closing markets. Nobody in their sane mind would allow a company like ASML or the likes to be purchased by competitors. But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the…
The age of globalism and unfettered free trade is over, and good riddance.
Only they will not admit it.
The capitalist propaganda, "freedom", is so ingrained that we cannot easily paddle back on it. So we will become helplessly hypocritical instead.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#343Earlier quoted context omitted.
> But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the whole hell would brake loose. As far as I understand, Samsung, TSMC, and SMIC are all closely guarded by their respective governments. And China doesn't (didn't?) allow foreign companies to operate in China without a local partner at all. So I don't see the irony - every…
> And China doesn't (didn't?) allow foreign companies to operate in China without a local partner at all Tesla was the first to buck this trend.
The next question is: why did China give Tesla this unprecedented deal?
The answer I heard at the time was to get local suppliers and workforce up to Tesla standards.
It appears to have worked out for China quite nicely.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#344Earlier quoted context omitted.
I said it that way because I don’t like the hypocrisies in general, and I said European because the comment I responded to combined Dutch and European markets into one. It would be foolish to sell off a great value like ASML or others that adds incredible value. But one should also not get mad when other countries do it, because they see their industries as valuable things as well. Our markets are just getting more c…
> It would be foolish to sell off a great value like ASML or others that adds incredible value. But one should also not get mad when other countries do it, because they see their industries as valuable things as well. This reads like a straw man argument. No one gets mad when other countries do it. At most, you see complains of protectionism being unilaterally imposed while benefitting from your competitor's openness…
China never claimed it's markets were free to enter by foreigners. US/EU did.
If tit-for-tat is our policy, then we should at least be upfront about it and enshrine it in law, instead of using some ancient law to slap China with: that's arbitrariness.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#345Some 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…
> For context, the law that allows this all to happen was passed in 1952 and has never before been used. Interesting parallel here with China recently invoking - for the first time - their own legislation from the 50's to ban rare earth exports for military uses.
Who cares what their legislation says. Xi and ccp can change that at will at anytime.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#346Earlier quoted context omitted.
Everybody is a fan of free access and capital markets, until a foreign entity purchases something of importance. It’s a continuation of recent trends and closing markets. Nobody in their sane mind would allow a company like ASML or the likes to be purchased by competitors. But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the…
"For my friends, everything; for my enemies, the law."
"For my friends, the law; for my enemies, arbitrariness."
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#347Earlier quoted context omitted.
They do, all the time. Price dumping is one example. Industrial and scientific espionage is another one. Hacking companies is one more.
I don’t think those count as meddling with affairs. Those are like, daily business for an average American company.
Can you show me a few examples of American companies hacking Chinese companies?
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#348Earlier quoted context omitted.
> In principle I'm against outsourcing or technology transfers to China, but please do it on you own schedule. In principle, the tit for tat policy with China should have been initiated 15 years ago. China has restricted its own markets in similar ways since at least that far back, and it was clear then, when they banned Google in 2010, that they were not playing by the same playbook as we were. The U.S. doesn't cont…
One point to clear up, China did not ban Google. Google left China because they refused to comply with Chinese data sovereignty laws. Google even tried to crawl back with a search engine that did comply with Chinese laws put activist employees forced them to stop. Both Microsoft and Apple fully comply with Chinese laws and are doing really well there.
When I hear "data sovereignty" I usually think of things like transfers to another country, etc. Are you using it to refer to censorship here?
If memory serves, China wanted to censor Google, Google declined (had a redirect to the Hong Kong site for a while), China blocked accessing foreign Google sites. https://en.wikipedia.org/wiki/Google_China has more.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#349Earlier quoted context omitted.
Everybody is a fan of free access and capital markets, until a foreign entity purchases something of importance. It’s a continuation of recent trends and closing markets. Nobody in their sane mind would allow a company like ASML or the likes to be purchased by competitors. But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the…
The age of globalism and unfettered free trade is over, and good riddance.
free for me but not for thee
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#350Some 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…
Everybody is a fan of free access and capital markets, until a foreign entity purchases something of importance. It’s a continuation of recent trends and closing markets. Nobody in their sane mind would allow a company like ASML or the likes to be purchased by competitors. But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the…
> But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the whole hell would brake loose.
Russia has nationalised a number of Western companies since 2022, even McDonalds.
Nothing happened.