Reported 16 days ago
The Dutch government has taken control of Nexperia, a Chinese-owned chip company, following pressure from the US amid escalating US-China tech tensions. This intervention arose after American officials indicated that Nexperia's CEO, Zhang Xuezheng, would need to be replaced for the company to escape restrictions imposed by the US entity list, which targets firms deemed threats to national security. The move reflects broader geopolitical issues impacting the semiconductor industry, with both the US and China implementing export controls that complicate international operations for Nexperia.
Source: YAHOO