Categories: Tech & Auto

Dutch government intervenes at Chinese-owned computer chip firm Nexperia

AMSTERDAM (Reuters) -The Dutch government said late on Sunday it is intervening at Dutch chipmaker Nexperia, which manufactures computer chips for the car and consumer electronics industries, due to worries about the possible transfer of crucial technology to the company's parent company, Wingtech of China. In a statement, the Ministry of Economic Affairs said it its intervention is a reaction to administrative shortcomings at the company, and will allow it to reverse or block harmful decisions while production may continue. A spokesperson for the company said Nexperia adheres to "all existing laws and regulations, export controls and sanction regimes."  (Reporting by Toby Sterling; editing by Diane Craft)

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