Pulse of Truth

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The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia under the Goods Availability Act to safeguard chip supply for European industries (Financial Times) (www.techmeme.com)

submitted 1 week ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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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

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[–] cosmicrookie@lemmy.world -3 points 1 week ago (1 children)

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.social 16 points 1 week ago* (last edited 1 week ago) (1 children)

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.pub 12 points 1 week 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.