Dutch Government Ousts CEO of Nexperia
The Dutch government has taken the rare move of ousting the Chinese CEO of Nexperia, a semiconductor chip manufacturer based in Nijmegen.
According to the Ministry of Economic Affairs, the caretaker government intervened due to fears of crucial technologies disappearing from the Netherlands and Europe.
- Reasons for intervention include "acute signals of serious governance shortcomings and actions" at Nexperia.
- Threat of knowledge leak and potential risk to Dutch and European economic security.
Documents from Nexperia's Chinese owner, Wingtech, show that the Enterprise Chamber of the Amsterdam Court of Appeal has removed Nexperia CEO Zhang Xuezheng from his position.
Author's summary: Dutch government removes Nexperia's Chinese CEO.