China’s Ministry of Commerce fired back at the Netherlands after the Dutch government moved in on Nexperia, the chip-making arm of Chinese company Wingtech. Beijing says this meddling breaks basic market rules and could boomerang on Amsterdam’s own business scene. 😤
Here’s the lowdown:
- Nexperia is an overseas subsidiary of Wingtech based in the Netherlands.
- He Yongqian, spokesperson for the ministry, said the Netherlands overstretched its national security concept and directly intervened in Nexperia’s internal affairs.
- The China Semiconductor Industry Association also voiced strong opposition, calling the Dutch move a breach of contract and market principles.
Beijing warned that such heavy-handed tactics risk damaging the Netherlands’ business environment and destabilizing the global chip supply chain. China urged the Dutch side to respect economic independence, protect Chinese investors’ rights, and keep the market fair and transparent.
Bottom line? This chip clash shows how high-tech turf wars are playing out on the global stage. For Asia’s tech-savvy crowd, it’s a reminder of how geopolitics can shape the gadgets we love. 🌏💡
Reference(s):
China blasts Dutch interference in semiconductor manufacturer Nexperia
cgtn.com
