| ▲ | Dutch government seizes Chinese-owned chipmaker Nexperia for national security(cnbc.com) | |
| 19 points by piskov 3 hours ago | 5 comments | ||
| ▲ | grues-dinner 4 minutes ago | parent | next [-] | |
Sell your industry to private equity, this is what happens. Someone who values it will take it up. Many such cases. | ||
| ▲ | piskov an hour ago | parent | prev | next [-] | |
Also real kicker from 2022: The UK used its National Security & Investment Act (2021) to order divestment of Nexperia’s Newport Wafer Fab in Nov 2022. The UK ordered them to sell 86% of the stake due to National Security concerns https://www.gov.uk/government/publications/acquisition-of-ne... | ||
| ▲ | piskov 3 hours ago | parent | prev | next [-] | |
> extraordinary move to ensure a sufficient supply of its chips remains available in Europe amid rising global trade tensions. It’s like they beg China to do something with Taiwan. | ||
| ▲ | brazukadev 20 minutes ago | parent | prev | next [-] | |
This excuse could be used by many countries to seize European companies controlling strategic national resources | ||
| ▲ | metalman an hour ago | parent | prev [-] | |
this is normalising clepto capitalism, at best, at worst it is a desperate clumsy attempt to fight a battle in a war that is already over | ||