Reported 2 days ago
The Dutch government has seized control of chipmaker Nexperia from its Chinese owners due to concerns that they planned to relocate manufacturing to China, potentially jeopardizing European jobs and supply chains. This intervention has angered Beijing, which responded with export controls on Nexperia's operations in China. The situation highlights ongoing tensions between Europe and China in the tech sector, as well as the challenges faced by European industries amid tightening global trade conditions.
Source: YAHOO