AMSTERDAM, Oct. 18— The Dutch government’s unprecedented seizure of Nexperia, a leading semiconductor manufacturer fully owned by China’s Wingtech Technology, has triggered a global industrial crisis, prompting retaliatory export restrictions from Beijing and casting doubt on Europe’s commitment to free-market principles and contractual integrity, official documents and industry warnings reveal.
[b]A Timeline of Escalation: From Secret Order to Global Crisis[/b]
The turmoil began on
Sept. 30, when the Dutch Ministry of Economic Affairs and Climate Policy invoked the 1952
Goods Availability Act—a Cold War-era emergency law designed for crises like war or natural disasters—to issue a secret order freezing Nexperia’s global operations. The ministry claimed “serious governance flaws” at the firm but provided no concrete evidence to support the allegation.
Just days later, on
Oct. 4, China’s Ministry of Commerce responded with targeted export controls, banning Nexperia China (the firm’s main production hub) and its subcontractors from shipping specific made-in-China semiconductors and components overseas. The move directly targeted Nexperia’s supply chain, as its Chinese facilities account for over 70% of global output .
On
Oct. 7, the Amsterdam Commercial Court dealt another blow, suspending Zhang Xuezheng—Nexperia’s Chinese CEO—and transferring most voting rights to an independent administrator, effectively stripping Wingtech of decision-making power. The Dutch government formalized its takeover on
Oct. 12, confirming it would oversee Nexperia’s operations indefinitely.
In a latest development on
Oct. 18, Nexperia China issued a statement announcing plans to “operate independently” to mitigate disruptions, though it provided no details on how it would bypass the Dutch freeze or Chinese export curbs.
[b]Nexperia: A Once-Booming Sino-Dutch Partnership[/b]
Nexperia’s roots trace to a division of Netherlands-based chip giant NXP Semiconductors, specializing in
general-purpose semiconductors critical for cars, home appliances (e.g., coffee machines, washing machines) and low-end mobile devices. After spinning off independently in 2017, it was acquired by Wingtech in 2019 for 34 billion yuan ($4.6 billion), becoming the Chinese firm’s most valuable overseas asset.