The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia using its Goods Availability Act, a first, to safeguard chip supply for Europe
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Financial Times: The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia under the Goods Availability Act to safeguard chip supply for European industries  —  Move by The Hague escalates frictions between western countries and Beijing over access to high-end technology

  • cosmicrookie@lemmy.worldEnglish
    47·
    2 months ago

    Imagine if China did this to a European company or when Russia did that to any foreign company that wasn’t pro Russian.

    • ViatorOmnium@piefed.socialEnglish
      16·
      2 months ago

      China wouldn’t let an European company buy the Chinese company in the first place. This isn’t even hypothetical, Chinese economic policies are extremely protectionist.

      • smeg@infosec.pubEnglish
        12·
        2 months ago

        Also, China requires foreign companies to basically hand over all IP rights to the local entity as a default.

        They don’t need to take over the business - they have everything they need to replace the foreign ownership at a moment’s notice.