Dutch Seizure of Nexperia Signals Europes Shift on Chinese Tech Investments

Date:

The logo of Chinese-owned semiconductor company Nexperia is pictured in Hamburg, Germany, on June 27, 2024. Fabian Bimmer /ReutersThe Dutch government’s taking the unusual step of seizing control of chipmaker Nexperia on Sept. 30, freezing assets and replacing its Chinese executives, signals a growing willingness in the West to treat even basic semiconductor technologies as strategic assets, analysts say.The intervention, which cited a Cold War-era law, has become a defining moment in Europe’s effort to protect its technological sovereignty from China.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Tax-Savvy Ways to Leave Money to Your Kids

For many families, it’s essential to provide some kind...

Palantirs US Commercial Revenue Jumps 149 Percent in Record Quarter

Palantir reported record quarterly revenue and profit, driven by...

Lufthansa Slashes Profit Outlook Over Jet Fuel Costs

Lufthansa slashed its profit outlook on August 4, citing...

Edmonton Police Hate Speech Video Pulled From X After Sparking Controversy

The Edmonton Police Service has removed a post and...