Hey tech fans and global trendsetters! The Chinese mainland's Ministry of Commerce just dropped a bombshell on the Netherlands for poking into Nexperia's business — a semiconductor star owned by Wingtech. China alleges that Dutch authorities overstretched the "national security" label, messing with market rules and contracts. 🤯
He Yongqian, the ministry spokesperson, slammed the Dutch side for "violating market principles" and warned the move will "backfire" on the Netherlands' own business environment. "China firmly opposes the Dutch side's overstretching of the national security concept and direct intervention in the company's internal affairs," He said.
The China Semiconductor Industry Association also joined the chorus, voicing its opposition to the Dutch intervention and calling for fair and transparent practices.
China hopes the Netherlands will uphold independence and autonomy, keep Sino-Dutch economic ties strong, and stabilize the global semiconductor supply chain. Correct the misstep, protect investors, and foster a predictable business vibe — that's the message. Otherwise, Beijing says it will take necessary measures to defend the lawful rights of Chinese enterprises. 🚀
For young investors, tech pros, and global citizens, this showdown highlights how geopolitics and semiconductors are now inseparable. Stay tuned as two heavyweight players navigate the high-stakes world of chips and commerce! 🌐✨
Reference(s):
China blasts Dutch interference in semiconductor manufacturer Nexperia
cgtn.com
