In a letter to the Dutch Parliament dated Oct 14 (tweedekamer.nl/downloads/docu),
Minister of Economic Affairs Vincent Karremans lays out his reasons for seizing control of Nexperia from
Wingtech (ι»ζ³°η§ζ) and CEO
Zhang Xuezheng (εΌ ε¦ζΏ):
βRecently, I have received serious indications of governance deficiencies within Nexperia, stemming from specific actions by the CEO. These deficiencies pose an acute and serious threat to the company's continuity and thus the preservation of crucial technological knowledge, as well as production and development capabilities in the Netherlands and Europe. These deficiencies include the improper transfer of production capacity, financial resources, and intellectual property rights to a foreign entity owned by the CEO and not affiliated with Nexperia. This posed risks of knowledge leakage and, consequently, the loss of future production capacity, which is crucial for the European automotive, consumer electronics, and defense industries. The deficiencies have also, albeit less significantly, impacted the ongoing discussions between my ministry and Nexperia.
Given the nature and severity of these signals regarding the deficiencies outlined, I believe there were potentially significant consequences for the Dutch and European economies, and thus a threat to economic security. The purpose of the order now imposed is to eliminate these risks and ensure the company's stability, in order to prevent a risky strategic dependency. In my opinion, this justifies the Wbg's exceptional efforts, and all interested parties are, of course, free to object.β
Karremans does a TV interview on Buitenhof on Oct 19 (video; youtu.be/3xaxJtmvB5s?si). This is an English summary of the TV interview by
x.com/loekalization/
Karremans writes a summary thread too
x.com/ministerez/sta
news article
amp.scmp.com/news/china/dip
the webpage for the Oct 14 letter to Dutch Parliament
tweedekamer.nl/kamerstukken/b