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Update from the Amsterdam Court of appeal[0] , as expected large amount of pressure from the USG as well as some pressure on the CEO after the latest US 50% rule that triggered the RE restictions. - US telling Nexperia to ditch its Chinese leadership if it wants a waiver from the entity list. - The NL gov putting pressure on the CEO to introduce a new supervisory board to make sure there are no links to China. A lot…
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Clearly in this case very destructive, constuctive gets people to the moon and back. With retaliation loading from Beijing , looks like this company is dead/on life support going forward. This action has benfitted none of the entities involved and even the thinly veiled excuses of securing EU chip supply are moot.
At least short term it does. Long term however, hollow shells of allies drag you down, whereas strong allies are more beneficial.
But I still remember the US stating they will not tolerate Germany if they dare to vote against them in the UN security council back when they were talking about destroying Libya[1]. Back then I thought Germany couldn't fall any lower with such a weak foreign minister, but here we are.
[1] https://www.theguardian.com/commentisfree/2011/mar/18/libya-...
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Us placed parent company Wingtech on US Entity List before. Then us probably forced Netherlands to do this. China bans rare earths, us forces eu to be against China. So I’d expect more escalations from China.
Definitely US pressure. NL is always eager to get on the good side of the US, even if they get nothing in return. For example participation in the war in Iraq and Afghanistan and Gaza today.
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I guess I have heard it all, the Government is providing napkins at diners and buying up Costco chicken, missed that one in the budget
My friend, what is so special about the government? If a company uses its massive profits in one area to crus competition by selling at a loss in another area, this is the free market, and when a government does it it is something else? I think you have not thought this through
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I am sort of surprised we even have an arm of government quick and authoritative enough to be able to intervene here. I always assumed the government would just let any frogs boil.
I'm surprised they did this while the cabinet is fallen.
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if we are not a communist country (everyone seems to think that we are not) why the F would we socialize losses?!?
> if we are not a communist country (everyone seems to think that we are not) why the F would we socialize losses?!? Hold on, the logic is any country that socialises anything to any degree is communist? Where the hell did you get that from?
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USA is nationalizng Intel and under this administration more of the commie shit is coming :)
The argument I have heard about the US taking 20% stake in Intel is that when a company asks for federal money then it’s only fair if the federal government gets some equity in return. You can’t socialize losses and privatize gains.
Companies do this all the time though.
For example, here in Louisiana the utility companies do this. After a major hurricane, Entergy will fix and upgrade tons of infrastructure and then get to tack on a +$15.00/m on to your utility bill for the next 5 to 10 years to recoup the costs all while they are making millions in profits each year.
Why pay for it themselves when they can just force the public to do it.
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Indeed, how did they even figure this out?
in the NRC article it says that board members started to complian that the CEO was "making choices that were not in the interest of the company". Four days later they were fired. "It was at that moment that Nexperia alerted the ministry of Economic Affairs"
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> nothing good comes out of that One might argue that global connection through economic ties is what gave us thes last 50 years of relative peace. So even with talent/ip drain there's a solid humanitarian and cosmopolitan argument here that trade is just good for humanity even when "unfair". I'm not saying thats the case here but I would not dismiss this as "nothing good comes out of that"
You could argue that point but you would need evidence which showed trade with dictatorships resulted in peace in Europe. To that point, my gut reaction is that peace in Europe is a product of internal politics, MAD, American imperialism, and global trade (in that order). The past fifty years may just be an exceptional footnote. Fifty years is not a significant period of time and the peace we have endured has not bee…
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yeah, but those machines are built in Europe. Most in Netherlands to be exact, but Holand too.
Nor for long. If the Chinese didn't already have incentives to break ASML's monopoly, they do now.