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Nexperia, a Chinese Semiconductor manufacturing plant, located in the Netherlands, was seized by Dutch authorities last week in response to embargo pressures.
A Dutch seizure of Chinese-owned computer chip maker Nexperia came after rising U.S. pressure on the company, a court ruling released on Tuesday showed, underscoring how the firm has been caught in the crossfire between Washington and Beijing.
The government said on Sunday that it had intervened in Netherlands-based Nexperia, which makes chips for cars and consumer electronics. It cited worries about possible transfer of technology to its Chinese parent company, Wingtech.
[...] Nexperia is one of the largest makers globally of basic chips such as transistors that are not technically sophisticated but are needed in large volumes.
[...] The source said that company executives in the meeting believed that Dutch authorities were acquiescing to the United States and added that the company was very confident that it could have the decision reversed.
The Dutch government said on Tuesday there was no U.S. involvement or pressure in the decision to intervene in Nexperia.
(Score: 5, Touché) by AlwaysNever on Sunday October 26, @08:26PM (2 children)
...until the USA had their cake eaten. Now globalization is to be curtailed.
It's the rule-based world order, as long as the rules benefited the USA. Otherwise, is the "new" rule-based world order.
(Score: 2) by sgleysti on Sunday October 26, @08:52PM (1 child)
Hey, don't be so narrow minded. I'm sure all the companies that outsourced as much labor intensive work as they could made a lot of money from that transition.
(Score: 2, Touché) by anubi on Sunday October 26, @11:41PM
It's the Invisible Hand that Adam Smith spoke of.
"Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]