The writings on the wall: no sane person should put money in European banks or invest in Europe.
Did you hear about what the US Government is planning with TikTok Inc., the California headquartered company?
Dutch government takes control of Chinese-owned chipmaker Nexperia
641–650 of 668 posts
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#642The writings on the wall: no sane person should put money in European banks or invest in Europe.
Government intervenes to stop parent company from milking and killing this local subsidiary. Does seem like a consistent and sound decision that every government (should/would) have taken.
For me a clear YES this means a sound regulatory environment that will protect my company and me from abuse.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#643Can we take back Kuka and Abb as well please?
Kuka must be one of the three biggest strategic mistake the German governments made in 30 years (the other being gas dependence/NorthStream and keeping coal running rather than investing the same funds in renewables). Really sad but irreversible as they are now fundamental to the Chinese economy and any knowledge and parents are long gone to China.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#644Earlier quoted context omitted.
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
If it takes a misunderstanding of communism to get trump kicked out, I'm all for it, but this is far from "as commie as it gets". What's the definition of communism as far as you understand it?
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#645Earlier quoted context omitted.
Which came from the US sanctioning Huawei because Huawei was making better chips than Qualcomm and Cisco. US was posturing to ban China access to Arm. Ultimately, it led to a ban on using TSMC for Chinese companies instead. There is no real justification to do a blanket ban on all Chinese companies except a state-sponsored way to to slow China down in AI race.
Not better, just cheaper copies. And all it took was mining Nortel to death and then moving on to mining Cisco itself.
Not true. Huawei's HiSilicon was even or ahead of Qualcomm Snapdragon as early as 2018 in phone SoCs.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#646Earlier quoted context omitted.
That’s a common misconception, but it's factually incorrect. European companies can, and do, acquire and control companies in China. The legal framework and the reality on the ground show a very different picture. 1. The Law Explicitly Allows It: China's Foreign Investment Law (effective since Jan 1, 2020) clearly states that foreign investors are permitted to acquire the shares, equity, or other similar interests of…
I stand corrected. China has recently opened up (wisely only recently, protecting its native industries until they are able to compete globally). Yet the fact remains it is fiercely protective (as it should be. If only EU and US followed its example), and pursues an explicit, government-supported policy of taking over first local, then global markets: China imposes more trade and investment barriers, discriminatory t…
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Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#647Earlier quoted context omitted.
That’s a common misconception, but it's factually incorrect. European companies can, and do, acquire and control companies in China. The legal framework and the reality on the ground show a very different picture. 1. The Law Explicitly Allows It: China's Foreign Investment Law (effective since Jan 1, 2020) clearly states that foreign investors are permitted to acquire the shares, equity, or other similar interests of…
I stand corrected. China has recently opened up (wisely only recently, protecting its native industries until they are able to compete globally). Yet the fact remains it is fiercely protective (as it should be. If only EU and US followed its example), and pursues an explicit, government-supported policy of taking over first local, then global markets: China imposes more trade and investment barriers, discriminatory t…
Glad you can admit you were wrong. But defending your mistake with a biased report from 2017 is a weak move.
That data isn't just outdated, it's irrelevant. China's entire foreign investment law was rewritten in 2020. You're arguing against a reality that no longer exists.
And "Made in China 2025"? It's an industrial policy, like the US CHIPS Act or Germany's Industrie 4.0. It's only a sinister "takeover plan" when China does it?
Finally, drop the personal attacks. Attacking my account instead of the argument is a classic sign of a weak position. I'm not a state-sponsored bot, just a regular Chinese citizen who is tired of seeing these old myths spread around.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#648Earlier quoted context omitted.
Milk and yogurt certainly are, also bread, also lots of food stuff. As far as I know almost no country has gone isolationist on that (with a few exceptions, such as China, which is at least trying). One can win a grand war without access to uranium, but you need access to bread and milk if you don’t want to repeat Germany’s WW1 fate.
> Milk and yogurt certainly are, also bread, also lots of food stuff. Which is why both US and Europe protect and subsidize those sectors to a fault.
Europe isn’t a country, and unfortunately my country (Romania) would be left empty-handed in case of the worst (this pandemic has proved it).
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#649Earlier quoted context omitted.
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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.
> constructive gets people to the moon and back.
NASA is a government agency, there was no “state capitalism” in that case. Of course NASA used private contractors, but it didn’t own them.
Re: Dutch government takes control of Chinese-owned chipmaker Nexperia
#650Earlier quoted context omitted.
I think the issue is more complex than that but certainly vested interests / national interest is definitely one aspect of things. The west and the US specifically has operated on an open market policy partly as a result of two world wars we got dragged into in relatively short order. Economic integration was thought to reduce the likelihood of another great war. However what we have currently is a relatively develop…
>China wants all the access to the rest of the world and wants everyone to buy their products... but they do not want to reciprocate. There's a history with the West where they have been manipulated and taken advantage of in a way that the US never has. It's possible their desire to force companies into partnerships is genuinely based on a fear of that happening again. You say that China wants everyone to buy their p…
> There's a history with the West where they have been manipulated and taken advantage of in a way that the US never has.
That's definitely possible but I think the cause is much simpler: initially they wanted to bootstrap their own industries and now nothing forces them to do anything different so they just continue with hyper-protectionist policies.
On the side of the west: Outsourcing to China is the new group-think. The new "No one ever got fired for buying IBM" for the MBAs. A box of Bandaids now says "made in china" on it. Bandaids are churned out entirely by machine. Packed entirely by machine. Boxed entirely by machine. By the millions per day. Human labor input is more or less irrelevant. Why outsource that to China? Because that's the only thing management knows how to do and the only thing so-called investors understand. It certainly isn't to save money or make the product better.
> However China wouldn't benefit if their customers are poor.
If I had a nickel for every time a government or leader adopts bad policies despite the obvious future negative consequences I'd be the world's richest person.