Nono. Us created a new rule for ing dutch. Then dutch was forced to intervene.
Its market manipulation and China already responded with Qualcomm lawsuit. So likely it’s not over at all and won’t go where trump thinks it’s gonna go.
Comment on The ‘Chinese owner’ of Nexperia: How Zhang Xuezheng’s tech empire fell to geopolitics
thericofactor@sh.itjust.works 20 hours ago
This article makes it sound like Zhang was the victim here. Short story is that he took over a Dutch Tech company, mismanaged it and took its Intellectual property to transfer it to a Chinese company, essentially gutting nexperia. The board of the company and the Dutch Chamber of Commerce intervened. Note that the Dutch government didn’t do this for political reasons, but based on the findings of the Chamber of Commerce, who intervened because of intentional bad management.
sommerset@thelemmy.club 17 hours ago
squaresinger@lemmy.world 19 hours ago
But that wouldn’t make for a catchy headline, would it?
sommerset@thelemmy.club 17 hours ago
He is a victim tho.
It’s part of Trump trade war, Trump did the blacklist forcing dutch.The Dutch took control of Nexperia the day after the U.S. on Sept. 29 expanded a trade blacklist of companies that pose national-security risks to also include subsidiaries that are at least 50% owned by listed entities.
cyd@lemmy.world 17 hours ago
He took over a failing Dutch tech company and turned it around. Nexperia was on the path to bankruptcy, that’s why it was on the market to be sold back in 2017. His company injected capital and made it profitable. Even last year, his parent company even announced a $200M expansion of Nexperia’s Hamburg plant, which totally goes against the narrative that they were moving production out of Europe.
The Dutch govt is trying to spin this, but they have like 5 different storylines and none of them make sense.