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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Source: Politico News
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