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In rare move, Dutch government takes control of China-owned chipmaker Nexperia (www.reuters.com)

archive sites don't like reuters.

AMSTERDAM, Oct 12 (Reuters) - The Dutch government has taken control of Chinese-owned computer chipmaker Nexperia, ratcheting up tensions with Beijing as a global fight brews over technology intellectual property, especially around semiconductors.

The government said late on Sunday that it has intervened in Nijmegen-headquartered Nexperia, which manufactures chips for cars and consumer electronics. It cited worries about the possible transfer of technology to Nexperia's Chinese parent company, Wingtech

Amsterdam invoked never-before-used powers under a Dutch law known as the "Availability of Goods Act". The decision led to a 10% fall in Wingtech's shares in Shanghai on Monday.

The Dutch government will not take ownership of Nexperia, but it will now have the power to reverse or block management decisions it considers harmful. The company's regular production is continuing.

archive sites don't like reuters. AMSTERDAM, Oct 12 (Reuters) - The Dutch government has taken control of Chinese-owned computer chipmaker Nexperia, ratcheting up tensions with Beijing as a global fight brews over technology intellectual property, especially around semiconductors. The government said late on Sunday that it has intervened in Nijmegen-headquartered Nexperia, which manufactures chips for cars and consumer electronics. It cited worries about the possible transfer of technology to Nexperia's Chinese parent company, Wingtech Amsterdam invoked never-before-used powers under a Dutch law known as the "Availability of Goods Act". The decision led to a 10% fall in Wingtech's shares in Shanghai on Monday. The Dutch government will not take ownership of Nexperia, but it will now have the power to reverse or block management decisions it considers harmful. The company's regular production is continuing.

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