Doxin
15 hours ago
Some more context from a dutch news source[0]:
The ministry of economic affairs intervened out of a fear that crucial technological skills and capacities will leave the Netherlands and Europe. The ministry stated in a press release[1] that there was a threat of a "knowledge leak" (w/e that means exactly) and a possible threat to the European economy.
After this intervention the Dutch government can now stop or reverse decisions within the company. That's only allowed if those decisions are harmful to the interests of the company, or for the future of the company as a Dutch or European business, or to the retaining of this crucial value chain for europe.
The company can appeal this decision in court.
For context, the law that allows this all to happen was passed in 1952 and has never before been used. As much as I think our government is currently ran by a bunch of nincompoops, I am inclined to believe that something quite significant was about to happen for this law to get invoked. What exactly that was can for now only be speculated about.
I can recommend you run google translate (or equivalent) on the press release. It's as close as you can get to the source of this news for now. I can only imagine the government is going to be having plenty of debates on the topic coming up, seeing as this is a very rare use of a very heavy-handed tool.
[0] https://nos.nl/artikel/2586270-kabinet-grijpt-hard-in-bij-ch...
[1] https://www.rijksoverheid.nl/actueel/nieuws/2025/10/12/wet-b...
itopaloglu83
an hour ago
Everybody is a fan of free access and capital markets, until a foreign entity purchases something of importance.
It’s a continuation of recent trends and closing markets.
Nobody in their sane mind would allow a company like ASML or the likes to be purchased by competitors.
But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the whole hell would brake loose.
mc32
a minute ago
Of course the preferred option is what the Chinese do which is to never let that happen in the first place or if you do allow foreign investment always keep a 50.1% stake in the entity and exfiltrate any tech from the venture you need .
bdangubic
a minute ago
USA is nationalizng Intel and under this administration more of the commie shit is coming :)
like_any_other
2 minutes ago
> But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the whole hell would brake loose.
As far as I understand, Samsung, TSMC, and SMIC are all closely guarded by their respective governments. And China doesn't (didn't?) allow foreign companies to operate in China without a local partner at all. So I don't see the irony - everyone practices protectionism, some are just more subtle about it than others.
HPsquared
an hour ago
"For my friends, everything; for my enemies, the law."
itopaloglu83
an hour ago
I wonder how this would affect patent applications, since after such an event, some countries might not respect patents for their internal markets.
incompatible
40 minutes ago
This has always been the case, to some degree, but I think it will be a much bigger factor now that so many have accepted that Neoliberalism is dead and no longer give it lip service.
tmnvix
3 hours ago
> For context, the law that allows this all to happen was passed in 1952 and has never before been used.
Interesting parallel here with China recently invoking - for the first time - their own legislation from the 50's to ban rare earth exports for military uses.
walkabout
3 hours ago
Probably not an awesome sign if multiple actors are invoking never-used laws that were created while WWII was still fresh on everyone's mind.
markus_zhang
2 hours ago
Let’s hope this one is still cold.
awesome_dude
an hour ago
s/while WWII was still fresh/the cold war was
infinet
44 minutes ago
Netherlands imported more CeO2 (a rare earth) from China than any other country, with 517 metric tons during the first half of 2025.
this_user
an hour ago
That whole REE thing is more of a scare tactic than anything. REEs are really not all that rare, and the current imports of REEs into the US are worth around $200-250M annually. That is millions, not billions. It's actually a laughably small amount.
The main reason that it's mostly China producing them may simply be due to the fact that the volumes are so small that building your own industry is not really worth it.
tmnvix
an hour ago
Dollar value is not the point. For the US MIC this matters a lot. There are not really any ready replacements for some vital weapons components at a time when US weapons stockpiles have been heavily depleted.
fakedang
an hour ago
This is it.
trhway
2 hours ago
I always wondered how the large unified world of Roman Empire with running water and sewer fell apart (and backwards) into multitude of small feudal pieces with no technology to speak of for the 1000 years after Roman Empire. I think our modern civilization is probably at the beginning of similar process.
zigzag312
33 minutes ago
Aren't you exaggerating it?
trhway
21 minutes ago
I lived in USSR, and know first hand that it means to be separated from common technological space. USSR wasn't that small, especially if one adds Eastern Block, yet it was falling behind the world becoming fully incapable to produce their own comparable computers, cars, etc.. If world get to split into such islands, the speed of technological progress will fall dramatically while social progress may go fully backwards. If you look at some ideologies rising around the world - they are straight medieval, and in many cases only connectedness to outside world has been preventing them from taking over their "islands".
markus_zhang
an hour ago
I think we are fine in term of infra -- I don't work as a civil engineer, but considering companies in my city repair the roads every year /s they probably retain the knowledge.
galangalalgol
an hour ago
How easy is the machinery and tools needed to keep all the infrastructure running? Earth movers are pretty maintainable and barely depreciate. Survey tools though? They have gotten famcy right? Water management has gone quite high tech in some ways. I could see them falling apart kind of like when some hospitals had to revert to paper tape logs. It didn't scale anymore.
trhway
an hour ago
The infra today is internet and semiconductors which run it, as well as global shipping without each we end up without even necessities.
fakedang
an hour ago
Exactly. Building roads and aqueducts were empire-level knowledge skills in Ancient Rome, performed by the army legions. Thankfully they're highly localized skills today.
selimthegrim
2 hours ago
Why stop there why not Indus Valley Civilization
trhway
40 minutes ago
our knowledge (at least my knowledge of it) is much much smaller that that of Roman Empire, and in particular i don't know whether the fall of that civilization demonstrated the effect of splitting into multitude technologically inferior pieces stagnating for such a long time after that.
dylan604
3 hours ago
How can you say what the minerals were actually used for though is the question I always have in these types of situations. There are multiple uses of the minerals. Since I've now gotten a literal boat load of the minerals from you, I can use those minerals on other things which now frees up my personal source of minerals on the things you didn't want them used in. In the spirit of the agreement, I'm in full compliance all while achieving the thing you didn't want me to achieve. It's nothing but Pilate washing his hands
dgfitz
3 hours ago
Are you tracking that harvesting REM is a nasty business with a lot of “don’t look” environmental impacts? As such, most countries don’t do it, or have an infrastructure for it.
dylan604
2 hours ago
https://rareearthexchanges.com/best-rare-earth-mining-compan...
Plenty of US companies ready and willing. They've finally gotten an administration that is of like mind on screw the environment and dig dig dig.
markus_zhang
an hour ago
US also needs all those factories and machinery to process the stuff.
dgfitz
2 hours ago
So, you agree?
dylan604
2 hours ago
Agree with what? What is it that you think is a gotcha here?
dgfitz
2 hours ago
Most countries don’t do it, including the US.
“Ready and willing” is quite the turn of phrase.
dylan604
2 hours ago
I've seen US numbers along 70-80% is imported. That leaves 20-30% domestic. Some of the REEs are 100% imported, so that's a different issue. But you seem to be implying that the US is 100% importing all REEs with no domestic production at all. That's not true. Yes, some production is slowed due to environmental issues. Some of it is a different nature along the lines of "why mine yours when you can buy someone else's". You keep yours in the ground until you have to get it. You have some small production just to keep the know-how, but you keep the stove down to a simmer from a boil.
tmnvix
an hour ago
> Some of it is a different nature along the lines of "why mine yours when you can buy someone else's". You keep yours in the ground until you have to get it.
My understanding is that a large part of the issue is processing capacity/ability - not mining of the ore. In fact, a significant amount of ore mined in the US is sent to China for processing. I don't think it's a simple case of the US standing up some processing plants in 1-2 years. If that were the case, wouldn't you think it would've happened by now? Is US leadership that bad that they failed to address this risk? Or - more likely - is it because solving the issue will take a lot more than some quick investment?
This is a huge issue for the US MIC. Plans (e.g. with regard to Iran) are going back to the drawing board for sure.
phil21
7 minutes ago
> Is US leadership that bad that they failed to address this risk?
I mean, quite obviously? Borne by the simple fact of... here we are discussing it?
It doesn't matter how easy, quick, or hard it is right now. What matters is leadership is so bad it was allowed to reach this point to begin with, and even a decade ago it was immediately obvious that it was a giant vulnerability that has not even started on beyond corrected in any meaningful way.
fakedang
an hour ago
USA does not have the refining capacity which will take another 8 years to build out.
nonethewiser
3 hours ago
So what just happened logistically?
I assume this is an entirely independent Chinese company without some Dutch sponsor or something. That conforms to local regulations. But now The Dutch government says "we have this new power over you" and that is that. With the consequence presumably being export control on dutch tech, banning from their market, etc? Or were there any more hooks planted that make it easier to force compliance? For example -- and I assume this is not the case in the Netherlands -- in China there is a 51% ownership of the foreign company by a local company (which is more or less state controlled).
Denvercoder9
2 hours ago
> I assume this is an entirely independent Chinese company without some Dutch sponsor or something.
It's not, it's a Dutch company, formed according to Dutch law, with headquarters in the Netherlands, that was bought by another Chinese company a few years ago.
Dutch law sets rules on how any company, but especially public companies (so-called naamloze vennootschappen) must be governed. Even if you own all the shares, by law you don't have unlimited and unchecked power in the company, you have to abide by governance rules.
Seemingly simultaneously with the government order, a suit was brought to the court enforcing these laws (the Ondernemingskamer) alledging that the CEO and owner were not abiding by them. The court documents are a bit weird to me as a non-lawyer, with Nexperia named as both plaintiff and defendant, so I'm not sure who brought it, but it might've been the government, who are named as a party.
The court agreed that the suit could have merit, and as an interim measure while the legal proceedings play out, has suspended the CEO and named a temporary director. It also suspended the authority of the owners over their shares (except for one), and assigned a trustee to manage them temporarily. The court did not actually rule on the contents of the suit yet, it only issued interim conservatory measures. We'll likely hear more about how the suit plays out over the next few months.
An interesting matter of contention in the suit is that the CEO/owner want the CLO to be suspended, while the other side asks the court to prohibit firing of the CLO. I presume there has been a conflict in the board, either leading to or caused by the government order.
The court documents are public by the way (in Dutch, obviously): https://uitspraken.rechtspraak.nl/resultaat?zoekterm=nexperi...
consp
2 hours ago
Sounds like the OR (ondernemingsraad) apparently wants to get rid of the CEO for incompetence which is very interesting. It is extremely hard to prove (in a court of law) but a valid reason. I assume they were doing all kind of shady things if they go that route. (Havent read the Court Docs, it is a guess)
OR vs CEO also explains the duplicate entries as they are both representatives of the company.
niels8472
2 hours ago
From what I've read it was the company's own board that asked for the ceo (Wing) to be removed.
q3k
3 hours ago
> I assume this is an entirely independent Chinese company.
It's worth noting that Nexperia is a spin-off of NXP (Dutch company) which itself is a spin-off of Philips' (Dutch company) semiconductor division.
It's also worth noting that Nexperia's Chinese owners (Wingtech) are at least partially state controlled.
khuey
2 hours ago
Nexperia was also spun off to placate Chinese regulators back when Qualcomm wanted to acquire NXP, and then after the spin off the Chinese regulators still refused to approve the acquisition.
galangalalgol
an hour ago
Does that mean teensy mcu are now chinese owned? That was one of the last non chinese mcu available.
nudgeee
38 minutes ago
Teensy is based on iMXRT which are NXP, not Nexperia.
teekert
3 hours ago
Perhaps also worth noting that ASML is also a spin-off of Philips.
jacquesm
2 hours ago
And that the two collaborate closely on all kinds of projects, and that NXP (the former owner of the business unit that became Nexperia) and Nexperia (the company that is the focus of this action) are both customers of ASML.
rzerowan
14 hours ago
Maybe pressure from the US gov? As a negotiatingtactic vs China - remeber the moves against MotorSich in Ukraine some years back , where the deal was win-win for both but Washington put the kibosh on it and ultimately got destroyed by Russian offensive. Since the speed/urgency and unusual application of the law as you mention , mean extraodinary actions must have quite extraordinary causes. In any case still too many unknowns in the story , hopefully clarity ensues soonest.
Doxin
11 hours ago
Believe it or not, but the dutch government has agency. It's not impossible for US pressure to be a factor, but I think it's more likely the management of the company was planning to move production to china or something like that. That'd (rightly!) spook the government into some quick action, especially given the political climate around Russia seemingly not being content with having their war confined to Ukraine.
Unfortunately we seem to be living in interesting times.
dragonelite
3 hours ago
The US has immense pressure on the dutch government, given their control over ASML . Its US big tech and semi design studios that determines who will need to buy EUV from ASML. Given ASML is not allowed to do business with China, Russia etc.
fwipsy
an hour ago
You could just add easily argue that the Dutch government has immense leverage over the US, since ASML controls the leading edge fab technology that underpins Nvidia etc. It seems more to me like a highly profitable partnership that neither side can credibly threaten to withdraw from.
sgt101
2 hours ago
Where else will they buy EUV from?
mytailorisrich
2 hours ago
Ultimately the Dutch, like for instance the Australians, are a rounding error compared to China and a pawn in a bigger game. At least the Dutch can "hide" behind the EU.
So there will noise but this won't stop China' rise and it won't stop Europe's decline, either.
echelon
3 hours ago
> Unfortunately we seem to be living in interesting times.
China played a remarkably smart game. We let it happen.
People have been telling us for twenty years that this would happen and nobody listened until it was almost too late.
bigbadfeline
2 hours ago
Either way, it cannot be stopped, China will develop independent technology sector because they can and they have no other choice. They don't trust the West and cases like this make such attitude understandable.
As soon as China tries to compete with the rich monopolies, the "free market" goes out of the window and becomes "free to do as we tell you".
thewebguyd
2 hours ago
> As soon as China tries to compete with the rich monopolies, the "free market" goes out of the window and becomes "free to do as we tell you".
Hence big tech cozying up to this administration, and all the attempts to ban AI regulation.
China won already, US is just trying to stop the bleeding
corimaith
2 hours ago
>As soon as China tries to compete with the rich monopolies, the "free market" goes out of the window and becomes "free to do as we tell you".
When China cannot compete with incumbents those protections also go up and when they can now people like you appeal to free trade (while ignoring existing protections). You are being overly charitable to one side here. Which is it? Free trade or Protectionism?
miohtama
2 hours ago
Could be worse. Could be TikTok and threat to national security.
1oooqooq
25 minutes ago
thanks for the context.
any idea what we the rationale/reason to pass that law in the first place? any specific endangered war resource at the time?
javiramos
2 hours ago
nincompoops... learned a new word today
ChrisMarshallNY
2 hours ago
It has an interesting etymology: https://nydamprintsblackandwhite.blogspot.com/2014/09/words-...
NicoJuicy
3 hours ago
Germany implemented something similar like this after China took over Kuka (industry leading robotics) and practically build an entire industry of robotics in China after that.
And of course, the jobs disappeared from Germany.
q3k
3 hours ago
Did they? As far as I know Kuka is still fully controlled by Midea.
NicoJuicy
3 hours ago
The regulation was created after that
em-bee
2 hours ago
the jobs didn't disappear (yet). they grew from 13.000 in 2014 before midea took over to 15.000 in 2024. maybe they could have grown more in germany if midea hadn't taken over. who knows.
NicoJuicy
an hour ago
There are only about 3200 jobs in Augsburg (Germany), it's HQ?
https://www.marketscreener.com/quote/stock/KUKA-AG-436260/ne...
Note: Looking for more information about the distribution of jobs atm ( countries). But it's hard to find. Any resources?
But you're right. They still have jobs there, I didn't knew that.
Note: This is about the law Germany created afterwards: https://www.akingump.com/en/insights/alerts/germany-tightens...