Netherlands Seizes Control of Nexperia from Chinese Parent Wingtech Amid Chip Supply Fears
The Netherlands invoked emergency powers to strip Chinese influence from semiconductor firm Nexperia, escalating tensions in the global tech supply chain. Caretaker Economic Minister Vincent Karremans Leveraged the 1952 Goods Availability Act—a never-before-used law—to block parent company Wingtech's control after warnings of operational shifts to Asia.
Beijing retaliated by disrupting a critical Chinese factory in Nexperia’s production chain, threatening deliveries to European and Japanese automakers. The MOVE risks factory halts as industries grapple with weak demand, rising costs, and Trump-era trade pressures.
The intervention places the Netherlands at the nexus of a geopolitical standoff between China, the U.S., and Europe’s manufacturing base. Karremans’ decisive action underscores growing scrutiny over foreign ownership in strategic tech sectors.
