THE HAGUE, Netherlands (AP) – The Dutch government took effective control of Chinese-owned chipmaker Nexperia, in what it said was a “highly exceptional” move over worries that corporate governance shortcomings pose a potential risk to European economic security.
In a statement late Sunday, the Dutch ministry of economic affairs said it had invoked the rarely used Goods Availability Act to intervene in the business of Nexperia, which makes semiconductors used in the automotive and consumer technology industries.
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