China is not a victim. Their interests go so obviously against Dutch national security by way of brain-draining Nexperia.
Every foreign-owned company that attempts to do this should be nationalized. Without exception.
For similar reason Gazprom Germania was nationalized by Germany. They engaged in sabotage by refusing to fill gas storage sites before winter so they lost their right to be independent.
Shouldn’t the government have prevented the sale of the company to a foreign entity in the first place if brain drain is a concern. Also Nexperia was working with a Chinese counterpart to manufacture the chips even before the sale, so it’s not like they can operate independently. Countries should invest into local education, R & D and Entrepreneurship so that people can start companies to build things fully locally without needing to depend on other countries. Too much of the world is dependent on Chinese manufacturing as things currently stand, if the relationship turns hostile with China, it’s gonna have bad impact on lots of jobs in the rest of the world.
Obviously they should have. Still, it’s neither the same government that allowed the sale nor were relations at such a low point in the past.
It’s also different to depend on China for providing some resources (like wafers) or for China to literally own the company. In case of the former, you can diversify (albeit at possibly large expense) prior to tensions. In case of the latter, any attempt of the Dutch branch to diversify would be blocked.
But I agree, far too much depends on China. It’s a ticking time bomb waiting to happen.
Wait, so nationalizing companies is theft?
China is not a victim. Their interests go so obviously against Dutch national security by way of brain-draining Nexperia.
Every foreign-owned company that attempts to do this should be nationalized. Without exception.
For similar reason Gazprom Germania was nationalized by Germany. They engaged in sabotage by refusing to fill gas storage sites before winter so they lost their right to be independent.
Shouldn’t the government have prevented the sale of the company to a foreign entity in the first place if brain drain is a concern. Also Nexperia was working with a Chinese counterpart to manufacture the chips even before the sale, so it’s not like they can operate independently. Countries should invest into local education, R & D and Entrepreneurship so that people can start companies to build things fully locally without needing to depend on other countries. Too much of the world is dependent on Chinese manufacturing as things currently stand, if the relationship turns hostile with China, it’s gonna have bad impact on lots of jobs in the rest of the world.
Obviously they should have. Still, it’s neither the same government that allowed the sale nor were relations at such a low point in the past.
It’s also different to depend on China for providing some resources (like wafers) or for China to literally own the company. In case of the former, you can diversify (albeit at possibly large expense) prior to tensions. In case of the latter, any attempt of the Dutch branch to diversify would be blocked.
But I agree, far too much depends on China. It’s a ticking time bomb waiting to happen.