The post Netherlands used emergency powers to seize control of Nexperia from the Chinese parent company Wingtech appeared on BitcoinEthereumNews.com.

The Dutch government took direct control of Nexperia after months of rising pressure over who controls a key supplier to Europe’s automotive sector, according to Bloomberg reporting. Vincent Karremans, who has only been overseeing Dutch economic policy in a caretaker capacity for a little over three months, used emergency powers to remove Chinese influence from the company. The move placed the Netherlands at the center of a geopolitical fight involving Beijing, Washington, and major European car manufacturers that depend on steady chip supplies. Karremans acted after warnings that the company’s ownership structure was becoming a risk to Europe’s manufacturing stability, and that internal decisions made by Zhang Xuezheng threatened to shift crucial operations out of Europe. Beijing responded by blocking the Chinese factory that handles part of the production workflow for Nexperia, disrupting the normal supply chain that sends components from Europe to Asia and back again. Automakers in Europe and Japan were told they might soon face reduced deliveries. European factories are now preparing for possible production halts if the situation is not resolved in days. The timing could not be worse, with industries already strained by weak consumer demand, higher costs, and pressure from shifting global trade rules under President Donald Trump’s administration. Karremans moves to block Wingtech control Karremans gained the authority to intervene when he invoked the 1952 Goods Availability Act. The law had never been used before. It allows the Dutch government to override company decisions if the continuity of supplies essential to the national economy is at risk. After filings in an Amsterdam court, Zhang was formally removed from his role on October 7. Karremans said the action was needed because Zhang “was secretly working behind our backs to relocate the company abroad.” Zhang had already dismissed three senior figures in the Netherlands and…

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Filed under: News - @ October 26, 2025 6:22 pm