- I think the headline is incorrect , as far as the timeline goes there were TWO separate actions. The first was the Business Court removing the CEO and the Board, the second was the ministrial action to take over Nexperia NL business as part of the wartime measure.
These were all precipitated by the US BIS50+ ruling that threatend to sanction any Chinese subsidiary of any company on the Entity list , which increaed the list from something like 1500 to 30k companies overnight with Nexperia in the mix.
After the recent US-China talks and the suspension of the rule , the Dutch have in kind made movements to backtrack.
However at this point its only the Ministerial action that has been suspended i.e the SECOND action.
The FIRST action by the Business courts still remains in place , so the CEO/Board is still outed.
by mainecoder
4 subcomments
- Well the Chinese are powerful and without the help of the US the Netherlands can't do much. Additionally, the process of moving discrete semiconductor production to China is already underway. Production in Hamburg will stop sometime in late 2029 and the R&D center in Nijmegen, Delft will close done late 2028. The US should have helped the Netherlands but now it is over the Chinese won this battle and fairly easily they did not need to use much of the leverage that they had. The commentary by EU officials shows that they used a top down approach using the EU to pressure the Dutch.
by stpedgwdgfhgdd
0 subcomment
- Headline should be:
The intervention by the Dutch government at the Nijmegen-based chipmaker Nexperia is being suspended.
by markus_zhang
0 subcomment
- Does it need legislation system to pass this or judges can block this somehow? It’s pay walled so not sure.
by damn3849472
3 subcomments
- I must say I feel very vindicated by this. The seizure of control of the company just for appointing a CEO from China (the horror!) never smelled right to me, but everyone in the previous comment section on this tried to rationalize it with "There must be some legitimate national security reason for the Dutch to do this". Clearly not much of a threat for them to cave so quickly!
- FAFO. Id you don't have the ammo, don't play stupid games.
by constantcrying
0 subcomment
- Huge mistake going back on this. Europe needs to stop letting itself get pushed around. If the Netherlands isn't willing, then hopefully the EU is.
The EU desperately needs some leadership willing to stop the US and China from continuously pushing it around on every single issue. An independent Chip supply chain is an existential necessity for the EU.
by brazukadev
1 subcomments
- The Dutch learning we are not in the XX century anymore.
by MangoToupe
1 subcomments
- They didn't exactly have any leverage
- > Netherlands returns control of Nexperia to Chinese owner
So they shoot themselves in the foot and now, they are also extracting the bullet, without anesthesia. Funny movie, with more sequels to come.
Everything looks so wonderful in this dream but, the wake up, will be harsh.
by lenerdenator
0 subcomment
- The Chinese continue to do state capitalism while the West is afraid to say "turnabout is fair play".
- > The order that gave the Netherlands powers to block or revise decisions at Nexperia was dropped as “a show of goodwill”
Why wouldn't CCP/Beijing just be emboldened by this? Why do the dutch feel the need to show goodwill towards CCP?
(Edit: I see a lot of turbulence with this comment. I wonder why people seem to think it's invalid. The Chinese government runs these strategic companies very closely. China is not a democracy. It is a de facto dictatorship run by the CCP, the Chinese Communist Party. Nothing of this really a controversial opinion.)
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