Dutch chipmaker seized after boss allegedly funnelled cash to failing side hustle

The Dutch government’s dramatic seizure of Chinese-owned chipmaker Nexperia wasn’t just about keeping technology out of Beijing’s paws. It turns out the whole fiasco was sparked by the company’s own CEO funnelling more than $200 million into a failing pet project in Shanghai.

Washington’s long reach in tech power games

US officials were behind the Dutch government's surprise take over of Nexperia.

Wants to keep chipmaking tech inside Europe

The Dutch government has seized control of Nexperia, the Chinese-owned but Netherlands-based semiconductor outfit, claiming it needs to stop vital chip know-how from drifting out of Europe.