BRUSSELS — The Dutch government has granted itself the power to intervene in company decisions at Dutch-based Chinese-owned chipmaker Nexperia.

The highly unusual step, announced late Sunday, grants the country the power to “halt and reverse” company decisions — meaning Nexperia cannot transfer assets or hire executives without Dutch government approval, according to national media.

The move is a significant escalation in relations between the Netherlands and China and could inflame wider trade tensions between Beijing and the European Union, with Europe caught in the middle of a tit-for-tat chips war between the U.S. and China.

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3 comments in c/worldnews@lemmy.ml view that post
[–] 12 points 1 year ago*

The US invaded Latin American countries for less.

Heck, so did the Dutch in Brazil, but that was colonizer on colonizer violence

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  • [–] 10 points 1 year ago

    How long before they accuse China of "technology theft" again?

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  • [–] 7 points 1 year ago

    Wow this is so dumb

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  • 3 comments in c/worldnews@lemmy.ml view that post
    [–] 4 points 1 year ago

    Nexperia is a vital chip supplier for Europe’s car industry.

    Is that what this is about?

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  • [–] [S] 4 points 1 year ago

    This move kills the investment climate in Europe. Go convince any non-Western country to invest in Europe now, when they know their investment can be seized from one day to the next on the flimsiest of pretexts.

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  • [–] 3 points 1 year ago