Netherlands cracks down on China-owned chip firm over security risk

The Netherlands has taken steps to address security concerns related to Chinese-owned chipmaker Nexperia, forcing the company to sell its plant in Newport, Wales. This decision has raised tensions between the EU and China amid growing trade disputes. The Dutch government cited governance shortcomings and potential risks to economic security, invoking the Goods Availability Act to intervene in Nexperia's operations.Moreover, the US has placed Nexperia's parent company, Wingtech, on its "entity list," impacting export restrictions on American-made goods.