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)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

Chysanthemums, asters: Colourful flowers even if cooler weather looms

Berlin (dpa) – Flowering plants bring colour to flowerbeds, pots and window boxes, adding bright…

1 hour ago

Sudarshan Pharma Industries to Acquire 9.5% Stake in US-Based MedTherapy Biotech

Mumbai (Maharashtra) [India], September 7: BSE-listed Sudarshan Pharma Industries Ltd [BSE Scrip Code: 543828, Trading Symbol:…

2 hours ago

Surat Entrepreneur Piyushbhai Desai’s vision: Rs 7,500 in Educational Assistance for 21,000 girls

Surat (Gujarat) [India], September 3: Surat- based young entrepreneur Mr. Piyushbhai Bhurabhai Desai has launched…

2 days ago