The Dutch government has taken control of Nexperia, a Chinese-owned but Netherlands-based semiconductor maker, to try to ensure enough of its chips stay in Europe for the automobile and consumer electronics industries.
For the first time, The Hague has used its Goods Availability Act because of “a threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities”, the ministry of economic affairs said in a statement.
Nexperia is owned by Wingtech, a Chinese-listed company that Washington has placed on its “entity list”, meaning that US groups require a licence, usually very hard to obtain, to do business with it.
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