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.
Read more…
Source: Politico News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- Encrypted messaging service intercepted, 2.3 million messages read by law enforcement
December 9, 2024
European law enforcement agencies have taken down yet another encrypted messaging service mainly used by criminals. The Matrix encrypted messaging service was an invite-only service which was also marketed under the names Mactrix, Totalsec, X-quantum, or Q-safe. Dutch and French authorities started an investigation when the service was found on the phone of a criminal convicted ...
- International operation against ‘phone phishing’ gang in Belgium and the Netherlands
December 6, 2024
Europol has supported Belgian and Dutch authorities in an international operation against a ‘phone phishing’ gang that has led to the arrest of 8 suspects. On the action day, law enforcement also carried out 17 searches in different locations in Belgium and the Netherlands. Although most of the criminal activities took place in Belgium, the main ...
- Europol: Fraudulent shopping sites tied to cybercrime marketplace taken offline
December 5, 2024
Europol has supported the dismantling of a sophisticated criminal network responsible for facilitating large-scale online fraud. In an operation led by the Hanover Police Department (Polizeidirektion Hannover) and the Verden Public Prosecutor’s Office (Staatsanwaltschaft Verden) in Germany, and supported by law enforcement authorities across Europe, over 50 servers were seized, significant digital evidence was secured, ...
- Dutch police leak leaves data of 62,000 officers in hands of hackers
September 30, 2024
Police are continuing to investigate the impact of a data leak last week in which hackers obtained the “work-related contact data of all police officers”. The Dutch national police force employs some 62,000 officers. According to an email sent to staff at the weekend, police chief Janny Knol an “office account” was hacked revealing names, email ...
- 4 more nations sign on to US-led counter-spyware agreement
September 23, 2024
Austria, Estonia, Lithuania and the Netherlands on Sunday joined a U.S.-led pact designed to deter global spyware abuses, marking 21 nations signing onto the agreement after the alliance began with 11 participants in March of last year. The add-ins were fleshed out on the sidelines of the United National General Assembly, a State Department release said. ...
- Europe’s leading solar power grid is ‘vulnerable’ to hackers
August 21, 2024
A recent study by a cybersecurity firm confirmed that the Dutch solar energy grid is vulnerable to multiple types of attacks on its system. A new study by a cybersecurity firm confirmed that one of Europe’s largest solar energy grids is vulnerable to multiple types of attacks on its system. Over a six-month period, researchers with ...