China Puts Export Controls on Nexperia After Dutch Takeover

Chipmaker Nexperia says it’s been banned from exporting products it makes in China as Beijing hits back at the Dutch government for taking over the management of the company.

The Dutch government said Sunday that it has taken over the company using a Cold-War-era law for the first time, ensuring Europe retains access to Nexperia’s chips. The company is a subsidiary of Chinese Wingtech Technology and a key supplier of mature chips used by the automotive and consumer electronics industries.