Dutch Government Takes Control of Chip Maker
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Dutch seizure of Nexperia sends China’s Wingtech shares down 10%
Wingtech has been facing growing resistance from Western governments as it tries to expand its reach in the global chip industry. The company, based in China, acquired the Dutch chipmaker Nexperia in 2018 for approximately $3.6 billion, aiming to establish a strong international presence and compete with the world’s largest semiconductor companies.
The centerpiece of the company’s comeback hopes is a multibillion-dollar facility in the Arizona desert. Will it draw new customers?
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. THE HAGUE, Netherlands (AP) — Dutch companies that produce machines that make advanced ...