Dutch government seizes local chipmaker from its Chinese owner — Nexperia parent company Wingtech preps response to ‘exceptional’ steps taken to safeguard ‘crucial technological knowledge’

The Dutch government has taken the “exceptional” step of seizing control of strategically important Dutch chip maker, Nexperia, from its Chinese owner, Wingtech, according to Reuters. The government says it is concerned that important technologies could be transferred to the Chinese parent company. With this manoeuvre, it can block any such attempts, maintaining this “crucial technological knowledge and capabilities on Dutch and European soil.”

Nexperia is one of the largest companies in the world when…