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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

#41

Post by MangoToupe »

MiiMe19 wrote: post #28
MangoToupe wrote: post #24

Earlier quoted context omitted.

> 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?

Fuck the country, I want competition for myself. My neighbor getting rich doesn't benefit me at all; and having to buy his crap makes my life worse.

Re: Netherlands returns control of Nexperia to Chinese owner

#42

Post by wkat4242 »

rzerowan wrote: post #23

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 th…

> 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.

The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business.

This was one of the reasons they got on the entity list in the first place and it's very shady if not illegal. But in China it's very common practice, the government even does it itself, building mega cities that remain empty because the prices are too high to afford. Just to prop up their economy stats.

Nexperia was never going to stay under government control, the government isn't in the business of making chips. But dumping the CEO was a good decision (and can't be overturned by the government because it was a court decision)

Re: Netherlands returns control of Nexperia to Chinese owner

#43

Post by wkat4242 »

lysace wrote: post #9
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…

Perhaps something could have been done via the EU. (No, I know, France/Italy/Spain/Germany are way too obsessed with their exports to PRC.) Been there/done that - Sweden was unjustly bullied by China and got next to no support from EU. That was a mask off moment for some of us. It seems that for member states like Sweden and the Netherlands, we're supposed to just pay a lot of money in order to get toll-free access t…

You definitely don't want Holland or UK in your new union. With the rise of fascism there, Farage in the UK (and Brexit was purely xenofobia driven) and the PVV, FvD, JA21 in Holland owning nearly a third of seats.

The EU is getting worse though yes with their damaging of the gdpr, trying to force chatcontrol etc.

Re: Netherlands returns control of Nexperia to Chinese owner

#44

Post by hulitu »

> Netherlands returns control of Nexperia to Chinese owner

So they shoot themselves in the foot and now, they are also extracting the bullet, without anesthesia. Funny movie, with more sequels to come.

Everything looks so wonderful in this dream but, the wake up, will be harsh.

Re: Netherlands returns control of Nexperia to Chinese owner

#45

Post by rzerowan »

wkat4242 wrote: post #42
rzerowan wrote: post #23

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 th…

> 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. The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business. This was one of the reasons they got…

>The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business.

>This was one of the reasons they got on the entity list in the first place and it's very shady if not illegal.

It actually was the main cause , if one follows the timeline:

June 12 Dutch-US meet: "Minutes of the meeting state... a key point for US is 'that no externally visible measures have been taken. It is understandable that a divestment takes time but the fact that the company's CEO is still the same Chinese owner is problematic'..."

Sept 30: Dutch Ministry of Economic Affairs issued an order barring the firm and its global subsidiaries from changing assets, staff, or IP for a year.

Oct 1: US entity list was expanded "Foreign subsidiaries 50% or more Chinese-owned are now also subject to US export restrictions. As a result, Nexperia also needs licenses to purchase US components, software, or cloud services"

Days later, Dutch and German executives at Nexperia petitioned a court to suspend Wingtech’s CEO Zhang Xuezheng and place the firm’s shares under temporary court management.

From the Court Docs [1] a) US telling Nexperia to ditch its Chinese leadership if it wants a waiver from the entity list b) Chinese CEO's clearly erratic behaviour

One does not get put on the US Gov Entity list for corporate shenanigans , its a Geo-Political instrument to discipline allies and punish enemies.

As far as the company buying excess capex , this would be shady maybe not illegal.

By analogy if Satya from MS tomorrow decided to buy excess Azure capacity for XboxLive and channeled the biz contract to his own AI startup buying from Azure - would it be shady? yes . Rising to the level of removing him , the board, confisicating all Xbox IP under state control would be absurd.

[1] https://uitspraken.rechtspraak.nl/details?id=ECLI:NL:GHAMS:2...

Re: Netherlands returns control of Nexperia to Chinese owner

#46

Post by wkat4242 »

lysace wrote: post #34
TitaRusell wrote: post #31

Earlier quoted context omitted.

For the Netherlands the whole world is just a board game for local politics. Seeing international media overthink this as some kind of deep strategy is mildly amusing.

You may also be wrong about that.

The current Dutch government is a bunch of egotistical fascists made up of a coalition of parties that try to get one over on the other by any means necessary.

They fell after a year because of that but are still in power until a next one can be formed. They've been like this for 6 months due to our excruciatingly slow election system that requires months to prepare an election. When that finally happened the results weren't much better.

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