Earlier quoted context omitted.
The company was warned multiple times prior to this happening, to adjust course. They didn't. Now they got into hot water and claim they were unjustly nationalized. They can have their day in an impartial court of law. If they're right they will prevail.
Warned multiple times over what exactly?
Dutch government takes control of Chinese-owned chipmaker Nexperia
611–620 of 668 posts
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#612Earlier quoted context omitted.
What is interesting here is that for obvious reasons the Chinese do not seem to understand - or be able to understand - that NL actually has an independent institute for handling such disputes that will operate with a fairly high degree of impartiality. Abusing funds of one company and jeopardizing its existence in order to prop up a non-related entity abroad is precisely the kind of situation why we have this instit…
They needed wafers for 70 million, were going to order for 200 million. 3x more is hardly "funneling large amounts of money". I would call that typical way to run business, perhaps they were making supplies for next three years, before tariffs kick in... Perhaps they were going to expand.
> I would call that typical way to run business
Then I suppose we should be thankful (or hope) that you do not run any sizable business.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#613Earlier quoted context omitted.
the terms are used interchangeably for the HN crowd but you get the point... US is the largest socialist country on the planet by far. Not communist country yet but Project 2025 is working hard on that :)
> terms are used interchangeably for the HN crowd Except they’re not. They’re only mis-used in this thread by those claiming they’re mis-used.
fair enough!
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#614Earlier quoted context omitted.
USA is nationalizng Intel and under this administration more of the commie shit is coming :)
Calling the current US administration "commie" wan't on my bingo card. I swear most people these days have no actual concept of the things they argue against.
They are as commie as it gets but lets say heavily promoting socialism, nationalizing private companies, subsidizing farmers etc etc… and it is getting worse by the minute
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#615Earlier 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…
Did it take over ownership as well or just the administration of the business?
They didn't take ownership, they just paused decision-making and now major choices can veto'd by the ministry of economic affairs if they are deemed not in the interest of the Dutch company (which is part of a larger Chinese holding).
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#616Earlier quoted context omitted.
I'll leave it as an exercise for the reader to spot the difference between Apple and the Chinese government.
I’m not hearing an argument, and I won’t be thinking one up for you. Seems like only a difference of degree to me.
OK, let me help a bit more.
A government has a monopoly on violence. A government has a monopoly on money printing and taxation. A government has a monopoly on the legislation. A government has far more human and financial resources than any other economic actor within its borders.
If a company goes out of business, people lose their jobs. If a government goes out of business, people lose their lives.
It is not a difference in degree, it is a difference in kind. There is a reason that economist distinguish between private firms and government.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#617Earlier quoted context omitted.
Ah yes, Venezuela famously only has lawsuits that happened to them. Maybe look up Guaido, the 3% polling self and US declared president of Venezuela.
Isn't Venezuela a defacto dictatorship now? Not sure the 3% is correct under these conditions.
Defacto dictatorship now, but even when there were elections he wasn't exactly popular. In the 2015 parliamentary elections (2 members per district) he actually placed second behind another member of his own party. He became popular during the 2018 crisis then kept proving to be inept.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#618Earlier quoted context omitted.
> China has been moving towards more openness to foreign investment over time After they lost most of those same foreign investors that got tired of handing over their IP, the "local partnering" (what often resulted in state/court backed judgements against the foreign investors), ... The disasters "wolf warrior" politics, combined with the above mentioned issues. And the stringent monetary policies limitation on movi…
The IP sharing issue has been massively overblown. IP sharing was relatively limited. The European and American car manufacturers, for example, never lost their considerable competitive edge over their Chinese rivals. In the end, it was an entirely different technology - electric cars - that allowed the Chinese to leap-frog the legacy car manufacturers, and not because of IP sharing, but because of Chinese R&D in bat…
I really do not want to respond to this but your information is so wrong, and clearly off.
Foreign investment was already in a down trend from 2013, investment kept somewhat stable in the 2015-2019 periode. Until a little unknown virus hit the world, resulting in a total shutdown / disrupted market.
There was a peak in 2021 as of the resulting reopening of the Chinese market, you know, kind of hard to do business when your companies employees need to spend a month in a hotel in quarantine. So there was a strong recovery in those years, a known effect from the 2020 pandemic and the eventual recovery.
I do not even know where you get the peak in 2022 when it was 2021. 2022 was barely on the level of te 2015-2019 periode. In 2023 it ended up crashing to 1990's level of investment.
And has been a negative FDI for the past 3 years. That means more investment is being pulled out of the country, not in anymore.
So unless you want to dispute macroeconomic data, your information is highly off. I am not even going to touch the whole IP comment "massively overblown" as there are plenty of reports on how it absolute not overblown.
No offense but your comments read like a propagandist. I let the readers make up their minds, as my information can be easily google on.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#619Earlier quoted context omitted.
Can't you say the same for the West though? This news is about a Chinese company's control being taking over by a Western government.
In no way this is comparable, come on. When you run your business in China, China runs the copy of your business for you ;) I do understand that we want to try to see "the same" in the stupidity of our politicians that let all of this happen just like that for many years, but we are different.
In this situation I disagree. This is a blatant seizure of the control of a foreign owned company for political reasons. This is straight out of China's playbook.
I agree that the West is in general different, as in this is more an exception than the rule. But being in the semiconductor industry, I'm fed up with the stupid rules we are dealing with since the 1st Trump admin. Even more stupid is the US foreign policy affecting EU companies much more than US companies.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#620Earlier quoted context omitted.
> NXP has been trimming fat since its formation from Philips Semiconductors Honestly it appears to me that Philips themselves have just been losing talent/marketshare/I'm not even sure what, causing their gradual decline. The Philips I grew up with was an electronics powerhouse. Today apart, from their healthcare department (and maybe their slightly overpriced lighting department via Signifify), they don't seem to be…
Philips 'unalived' any chances for massive future revenues when they killed off Natlab (in spirit, not just in name). Philips Natlab was the Bell Labs of the Netherlands, even Europe perhaps. In 1989 Philips introduced a new financing structure that required Natlab to secure two-thirds of its budget through contracts with Philips' product divisions. This marked a major change from its prior model, where funding came…
This. They gave the keys to the management of the business units and layers of managerial hierarchy under.
I did my PhD project in collaboration with NXP research which used to be the semiconductor division of Natlab. At every project meeting there were at least 2 mid level managers from 3 business units funding the projects+ 2 mid level managers from the research department + 1 engineer overseeing the technical work. So, it was 8-9 managers + 1 engineer + 1 PhD student. They were all chill and didn't roadblock anything for me, apart from all business units deciding to do their own development on the same topic because they didn't trust anyone else. So I was mostly left to myself because the money was already given but they lost interest. They were still attending the meetings as a break from the other meetings I thought.