Business
Netherlands Seizes Chinese-Owned Chipmaker in Unprecedented Security Move
Court-approved removal of executive Zhang Xuezheng bears hallmarks of counter-intelligence concern
The Dutch government has taken control of Chinese-owned semiconductor manufacturer Nexperia, invoking an urgent national-security law directed at Beijing to safeguard Europe’s access to critical technology used across the automotive and electronics industries.
In a statement issued late Sunday, the Ministry of Economic Affairs said it had taken the “highly exceptional” decision to invoke the Goods Availability Act on September 30. The move followed “recent and acute signals” of such “significant scale and urgency” involving “serious governance shortcomings and actions within Nexperia” that Minister Vincent Karremans was compelled to intervene.
“The decision aims to prevent a situation in which the goods produced by Nexperia would become unavailable in an emergency,” the ministry said.
“These signals posed a threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities. Losing these capabilities could pose a risk to Dutch and European economic security.”
It is not known what specific information Dutch authorities gathered on Nexperia executive Zhang Xuezheng, who has been suspended from all management and board positions, but the move, approved by the Amsterdam Court of Appeal, has the hallmarks of a national security alert deemed severe by Dutch lawmakers.
Nexperia, headquartered in Nijmegen, produces semiconductors used widely in the European automotive industry and consumer electronics and is a key link in the continent’s industrial supply chain. The government said normal production will continue, but Karremans now has powers to block or reverse company decisions that could harm national or European interests.
The ministry’s order bars Nexperia and all its global subsidiaries, branches, and offices from making any adjustments to their assets, intellectual property, business operations, or personnel for one year.
Nexperia’s Chinese parent company, Wingtech Technology Co., a Shanghai-listed conglomerate placed on the U.S. Commerce Department’s Entity List in 2023, denounced the Dutch move, saying it “constitutes an act of excessive interference driven by geopolitical bias, not by fact-based risk assessment.” Wingtech said the measure “gravely contravenes the European Union’s long-standing advocacy for market-economy principles, fair competition, and international trade norms,” and “strongly” protested “discriminatory treatment toward a Chinese-owned enterprise.”
Wingtech disclosed to the Shanghai Stock Exchange that it had been notified of the Dutch order on September 30, but the government did not make the intervention public until October 12.
The Dutch government’s action marks the first time the Netherlands has used its emergency powers to seize control of Chinese-state linked company — an escalation that mirrors Washington’s strategic-industrial posture and signals Europe’s entry into a new era of techno-sovereignty.
In Britain, Nexperia’s ownership structure had already triggered alarm. In 2021, the company’s acquisition of Newport Wafer Fab, the UK’s largest semiconductor plant, was blocked by the Conservative government over national-security fears. The UK later ordered Nexperia to divest most of its stake under the National Security and Investment Act in 2022.
The controversy resurfaced this year amid the collapse of a high-profile espionage prosecution under Prime Minister Keir Starmer’s government. The Mail on Sunday reported, citing an unidentified source, that Christopher Berry—one of two men previously charged with spying for China—“sent details of the row within government on the Newport Wafer Fab semiconductor factory, which was initially sold to Nexperia but later blocked by the Conservative government over national-security fears.”
The Netherlands’ intervention follows escalating moves by allied governments to tighten control over critical-tech supply chains. Just days earlier, Beijing imposed sweeping export restrictions on rare-earth minerals, essential for cars, wind turbines, and electronics, citing “national security” grounds — mirroring Western justifications for semiconductor controls. The action drew a strong counter-threat from U.S. President Donald Trump, who warned that Washington could impose 100 percent additional tariffs on all Chinese goods if Beijing “weaponizes its mineral dominance.”
A semi-detente appeared to emerge after Trump’s weekend remarks suggesting a pause in escalation. But the Dutch government’s unilateral action underscores a global race to secure access to critical industrial components amid fears of spreading conflict in Europe and rising tensions in Asia.
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From the Daily Caller News Foundation
At Tesla’s Austin headquarters, investors backed Musk’s 12-step plan that ties his potential trillion-dollar payout to a series of aggressive financial and operational milestones, including raising the company’s valuation from roughly $1.4 trillion to $8.5 trillion and selling one million humanoid robots within a decade. Musk hailed the outcome as a turning point for Tesla’s future.
“What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book,” Musk said, as The New York Times reported.
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The decision cements investor confidence in Musk’s “moonshot” management style and reinforces the belief that Tesla’s success depends heavily on its founder and his leadership.
Tesla Annual meeting starting now
https://t.co/j1KHf3k6ch— Elon Musk (@elonmusk) November 6, 2025
“Those who claim the plan is ‘too large’ ignore the scale of ambition that has historically defined Tesla’s trajectory,” the Florida State Board of Administration said in a securities filing describing why it voted for Mr. Musk’s pay plan. “A company that went from near bankruptcy to global leadership in E.V.s and clean energy under similar frameworks has earned the right to use incentive models that reward moonshot performance.”
Investors like Ark Invest CEO Cathie Wood defended Tesla’s decision, saying the plan aligns shareholder rewards with company performance.
“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Wood wrote on X.
Norway’s sovereign wealth fund, Norges Bank Investment Management — one of Tesla’s largest shareholders — broke ranks, however, and voted against the pay plan, saying that the package was excessive.
“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the firm said.
The vote comes months after Musk wrapped up his short-lived government role under President Donald Trump. In February, Musk and his Department of Government Efficiency (DOGE) team sparked a firestorm when they announced plans to eliminate the U.S. Agency for International Development, drawing backlash from Democrats and prompting protests targeting Musk and his companies, including Tesla.
Back in May, Musk announced that his “scheduled time” leading DOGE had ended.
From the Frontier Centre for Public Policy
By Conrad Eder
Frontier Centre for Public Policy study reveals a decade of inflated Liberal forecasts—a track record that casts a long shadow over Carney’s first budget
The Frontier Centre for Public Policy has released a major new study revealing that the Trudeau government’s federal budget forecasts from 2016 to 2025 were consistently inaccurate and biased — a record that casts serious doubt on the projections in Prime Minister Mark Carney’s first budget.
Carney’s 2025–26 federal budget forecasts a $78.3-billion deficit — twice the size projected last year and four times what was forecast in Budget 2022. But if recent history is any guide, Canadians have good reason to question whether even this ballooning deficit reflects fiscal reality.
The 4,000-word study, Measuring Federal Budgetary Balance Forecasting Accuracy and Bias, by Frontier Centre policy analyst Conrad Eder, finds that forecast accuracy collapsed after the Trudeau government took office:
- Current-year forecasts were off by an average of $22.9 billion, or one per cent of GDP.
- Four-year forecasts missed the mark by an average of $94.4 billion, or four per cent of GDP.
- Long-term projections consistently overstated Canada’s fiscal health, showing a clear optimism bias.
Eder’s analysis shows that every three- and four-year forecast under Trudeau predicted a stronger financial position than what actually occurred, masking the true scale of deficits and debt accumulation. The study concludes that this reflects a systemic optimism bias, likely rooted in political incentives: short-term optics with no regard to long-term consequences.
“With Prime Minister Carney now setting Canada’s fiscal direction, it’s critical to assess his projections in light of this track record,” said Eder. “The pattern of bias and inaccuracy under previous Liberal governments gives reason to doubt the credibility of claims that deficits will shrink over time. Canadians deserve fiscal forecasts that are credible and transparent — not political messaging disguised as economic planning.”
The study warns that persistent optimism bias erodes fiscal accountability, weakens public trust and limits citizens’ ability to hold government to account — a threat to both economic sustainability and democratic transparency.
Click here to download the full study.
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