Dutch Ready To Drop Nexperia Control If Chip Supply Resumes (msn.com) 30
An anonymous reader shares a report: The Netherlands is prepared to suspend its powers over Chinese-owned chipmaker Nexperia in a move that would de-escalate a fight with Beijing that threatens to disrupt automotive production around the world. The Dutch government is ready to shelve the ministerial order that gave it the power to block or change key corporate decisions at Nexperia, if China allows exports of its critical chips again, according to people familiar with the matter.
If the shipment of supplies resumes and is verified in the coming days, the Dutch are willing to revoke its powers as soon as next week, said the people, who spoke on the condition of anonymity. Financial issues between Nexperia and its Chinese operations would also need to be resolved. [...] In a sign of easing tensions, the Dutch government said in a statement late Thursday that it expects Nexperia's Chinese unit to resume chip supplies in the coming days.
If the shipment of supplies resumes and is verified in the coming days, the Dutch are willing to revoke its powers as soon as next week, said the people, who spoke on the condition of anonymity. Financial issues between Nexperia and its Chinese operations would also need to be resolved. [...] In a sign of easing tensions, the Dutch government said in a statement late Thursday that it expects Nexperia's Chinese unit to resume chip supplies in the coming days.
That's capitalism and democracy for you (Score:1)
You can do whatever you want with your property as long as we have a say in it.
China wins (Score:3, Insightful)
Sounds like Netherlands have to fold and China wins...
Re: (Score:3, Interesting)
They took a lesson from our TACO.
Re: (Score:2, Informative)
Why are people acting like nationalizing companies like we are in some 1950s socialist country was supposed to be a good thing.
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China effectively took control of the company. Either the Netherlands controls it or China controls it. Nexperia is now a state-run entity no matter how you slice it.
China 1 Netherlands 0 (Score:5, Insightful)
Western governments are slowly waking up to their utter fuckwittery in allowing companies in critical industries to be sold to china just so the C-suite and shareholders could enjoy a fat windfall. People have been shouting about this sort of thing for at least a decade but it was fingers in ears time from naive politicians. As this proves - its too late now.
Re: (Score:3)
The scramble for short-term profits is overcome by long-term planning. Whodathunkit?
Re: (Score:3)
The scramble for short-term profits is overcome by long-term planning. Whodathunkit?
More importantly, it's short-term profits for corporate executives versus long-term planning for government officials. This real difference is the people involved and how their interests are so diverged. This will still continue to be the case as Western government is structured to allow the executives to lobby/influence/control the government.
Re: (Score:2)
Who's this "you"? I'm not american, HTH, plus Nexperia was sold to the chinese in 2018. Also since when did Trump decide the policies of the Netherlands government?
Re: (Score:1)
LOL. Are you daft? IF Trump says jump, Netherlands and basically Europe as a whole, including daddy calling NATO's Secretary General ask how high. They have little or no independence whatsoever.
Re: (Score:2)
You might want to come out of your basement sometime. Trump has not been getting his own way with the EU (I presume you've heard of the EU?).
Re: (Score:3)
And since 2018 the car manufactures were complacent to let their main (only?) supplier be controlled by China? They had ~7 years to diversify supply chains. Did they? I site with "corporate greed and complacency" plus "stupidity of 'small government' ideas". Yeah, "market will sort it out" ... it will just in rather painful way.
Re:China 1 Netherlands 0 (Score:4, Insightful)
This isn't so much the government stupidity as corporate executive greed. "Sure, we'll move all our critical industry to your country if you provide us cheap labor and let us pollute! As long as I get ever-higher bonuses for higher profits what could go wrong?"
When we objected they assured us, "Don't worry, the Chinese can't do anything but imitate our products, and this is working really well for everyone that counts. You get cheaper products, and we get higher bonuses. What could go wrong?"
When it became obvious that they controlled the entire manufacturing stream for REE and magnets, they changed their tune. "If we get these corporate-friendly politicians elected they'll force China to do what we want. What could go wrong?"
What, indeed?
Re: (Score:2)
Holy crap. Just when you thought he'd hit rock bottom he gets even worse. If he gets much more incoherent they'll off him and put (J)ust (D)umb Vance in his spot.
Re: (Score:2)
Apparently you're too stupid to realise that most countries have laws that allow governments to restrict what companies do in the national interest without nationalising them. eg selling to certain regimes. But then you posted A/C so no one will know quite what a moron you are.
Re: (Score:1)
Government taking control over a company isn't considered nationalizing? Perhaps you're too stupid to even understand what's happening and shouldn't be even discussing this matter. Or perhaps your English is just poor, and you don't understand what nationalizing implies.
Re: China 1 Netherlands 0 (Score:2)
Apparently you cant even understand simple english either. Go play with your lego sonny.
Damages (Score:1)
I.e. just going back isn't enough. There should be a big payout for this move that has damaged the business of the company and financial interests of their owner.
Re: (Score:1)
Contract law? (Score:2)
Presumably, the customers of Nexperia (auto makers) have contracts for the delivery of product. Now the company decides not to honor those contracts. What do you expect the country having jurisdiction over that company and those contracts to do?
Re: (Score:1)
Re: (Score:2)
They could turn that into a profit center. Much like the Texas civil courts have done.