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Cake day: July 1st, 2023

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  • The Dutch government had cited national security concerns and “serious governance shortcomings” when it took effective control of Nexperia, which is headquartered in the city of Nijmegen but owned by China’s Wingtech Technology.

    Karremans said he was suspending his order issued in late September as a “show of goodwill” in a decision that came after “constructive meetings” with Chinese authorities over the past few days.

    Basically the chinese were doing a shit job of running this vital chip company so the Dutch government said “Get your shit together or we are taking your company”. And thats what they did for a few weeks which apparently led to the holding of a “constructive meetings with Chinese authorities"