The Dutch government has taken the “exceptional” step of seizing control of strategically important Dutch chip maker Nexperia from its Chinese owner, Wingtech, as nationalist instincts continue to shape the semiconductor industry. The government says it is concerned that important technologies could be transferred to the Chinese parent company, according to Reuters. With this manoeuvre, it can block any such attempts, maintaining this “crucial technological knowledge and capabilities on Dutch and European soil.” Nexperia is one of the largest companies in the world when it comes to manufacturing simple silicon components such as the diodes and transistors, MOSFETs, and logic gates that are found in all manner of modern electronics. Wingtech has been on the United States “entity list” for the past year, highlighting it as a potential security concern.

Full report : The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia using its Goods Availability Act, a first, to safeguard chip supply for Europe.