- cross-posted to:
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
Netherlands: after an embarrassing saga where Dutch minister Karremans, took control of the Chinese chip manufacturer Nexperia, almost bringing the European car industry to it’s knees, the Chinese company is now producing these chips in China locally. It’s like the Dutch government doesn’t understand that the Chinese have a backup plan for their backup plan. Like there would be no response? Within months another foreign company is leaving the Netherlands because the Dutch government is an American lapdog.
This whole story is so moronic by Netherlands. If any other company than a Chinese (for instance India) had bough that company, there would have been zero issues. This is 100% an attempt at holding China back, when they do what everybody in the west is doing.
Buying up companies to gain their know how is completely legitimate business, and is done all the time in the tech industry.
All Netherlands has achieved is that China will be more reluctant investing in the Netherlands in the future.