Overview

• It is the first known use of the 1952 Goods Availability Act, a statute allowing ministers to act to ensure access to critical goods and technology.
• Officials cited acute signs of serious governance failings and a threat of knowledge leakage that could harm Dutch and EU economic security.
• The Enterprise Chamber removed CEO Zhang Xuezheng last week and placed control of Nexperia shares largely with an independent third party.
• An independent director now holds a deciding vote to block or unwind measures judged harmful to the company’s interests or Europe’s crucial value chain.
• Owner Wingtech said daily operations continue, its shares fell sharply after Chinese markets opened and critical media reaction in China, and the company can challenge the intervention in court.