https://www.cnbc.com/2025/10/13/dutch-government-takes-control-of-chinese-owned-chipmaker-nexperia.html Skip Navigation CNBC logo Markets * Pre-Markets * U.S. Markets * Currencies * Cryptocurrency * Futures & Commodities * Bonds * Funds & ETFs Business * Economy * Finance * Health & Science * Media * Real Estate * Energy * Climate * Transportation * Industrials * Retail * Wealth * Sports * Life * Small Business Investing * Personal Finance * Fintech * Financial Advisors * Options Action * ETF Street * Buffett Archive * Earnings * Trader Talk Tech * Cybersecurity * AI * Enterprise * Internet * Media * Mobile * Social Media * CNBC Disruptor 50 * Tech Guide Politics * White House * Policy * Defense * Congress * Expanding Opportunity Video * Latest Video * Full Episodes * Livestream * Live Audio * Live TV Schedule * CNBC Podcasts * CEO Interviews * CNBC Documentaries * Digital Originals Watchlist Investing Club * Trust Portfolio * Analysis * Trade Alerts * Meeting Videos * Homestretch * Jim's Columns * Education * Subscribe Join IC PRO * Pro News * Josh BrownNEW! * My Portfolio * Livestream * Full Episodes * Stock Screener * Market Forecast * Options Investing * Chart Investing * Stock Lists * Subscribe Join Pro Livestream Menu * Make It * select * USA * INTL * Livestream Search quotes, news & videos * Livestream Watchlist SIGN IN Create free account logo Markets Business Investing Tech Politics Video Watchlist Investing Club Join IC PRO Join Pro Livestream Menu Tech Dutch government takes control of Chinese-owned chipmaker Nexperia in 'highly exceptional' move Published Mon, Oct 13 20252:13 AM EDTUpdated Mon, Oct 13 202510:17 AM EDT thumbnail Dylan Butts@in/dylan-b-7a451a107 WATCH LIVE Key Points * The Dutch government has invoked control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, under its Goods Availability Act. * Following the announcement by The Hague, Wingtech's Shanghai-listed shares plunged 10% to hit its max daily limit. In this article * 745-SZ Follow your favorite stocksCREATE FREE ACCOUNT A close-up view of the Nexperia plant sign in Newport, Wales on April 1, 2022. Matthew Horwood | Getty Images News | Getty Images The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, in an extraordinary move to ensure a sufficient supply of its chips remains available in Europe amid rising global trade tensions. Nexperia, a subsidiary of China's Wingtech Technology, specializes in the high-volume production of chips used in automotive, consumer electronics and other industries, making it vital for maintaining Europe's technological supply chains. On Sunday evening, the Dutch Minister of Economic Affairs revealed that it had invoked the "Goods Availability Act" on the company in September in order "to prevent a situation in which the goods produced by Nexperia (finished and semi-finished products) would become unavailable in an emergency." Following the announcement from The Hague, Wingtech plunged its maximum daily limit of 10% on the Shanghai Stock Exchange. The Goods Availability Act allows The Hague to intervene in private companies to ensure the availability of critical goods in preparation for emergency situations, and its use comes amid escalation in the U.S.-China trade war. The government statement said the "highly exceptional" move had been made after the ministry had observed "recent and acute signals of serious governance shortcomings and actions" within Nexperia. "These signals posed a threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities. Losing these capabilities could pose a risk to Dutch and European economic security," it said, identifying the automotive industry as particularly vulnerable. Governance changes In a corporate filing dated Oct.13, lodged with the Shanghai Stock Exchange, Wingtech confirmed Nexperia was under temporary external management and had been asked to suspend changes to the company's assets, business or personnel for up to a year, according to a Google translation. Wingtech Chairman Zhang Xuezheng had been immediately suspended from his roles as executive director of Nexperia Holdings and nonexecutive director of Nexperia after the ministerial order, according to the filing. The filing added that Nexperia's daily operations will continue, with the impact of the measures not yet quantifiable. "The Dutch government's decision to freeze Nexperia's global operations under the pretext of 'national security' constitutes excessive intervention driven by geopolitical bias, rather than a fact-based risk assessment," Wingtech said in a deleted WeChat post, which was archived and translated by Chinese policy blog Pekingnology. It added that since it acquired Nexperia in 2019, Wingtech "has strictly abided by the laws and regulations of all jurisdictions where it operates, maintaining transparent operations and sound governance," and employs "thousands of local staff" through research and development and manufacturing sites in the Netherlands, Germany and Britain. A spokesperson from Nexperia told CNBC that the company had no further comments, but that it "complies with all existing laws and regulations, export controls and sanctions regimes," and remained in regular contact with relevant authorities. The Netherlands' move comes after Beijing tightened its restrictions on the export of rare earth elements and magnets Thursday, which could impact Europe's automotive industry. The move could also further strain trade relations between China and the Netherlands, following years of restrictions on Dutch company ASML's exports of advanced semiconductor manufacturing equipment to China. In 2023, the Netherlands had also investigated Nexperia's proposed acquisition of chip firm startup Nowi, though the deal was later approved. CNBC logo * * * * * * * * Subscribe to CNBC PRO * Subscribe to Investing Club * Licensing & Reprints * CNBC Councils * Select Personal Finance * CNBC on Peacock * Join the CNBC Panel * Supply Chain Values * Closed Captioning * Digital Products * News Releases * Internships * Corrections * About CNBC * Ad Choices * Site Map * Podcasts * Careers * Help * Contact * News Tips Got a confidential news tip? We want to hear from you. Get In Touch * CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. * Advertise With Us Please Contact Us * Privacy Policy * California Consumer Privacy Act (CCPA) Opt-Out IconYour Privacy Choices * CA Notice * Terms of Service (c) 2025 CNBC LLC. All Rights Reserved. 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