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Daily Edition · Page 2

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR

TLDR

HOW US PRESSURED NETHERLANDS TO OUST CEO OF CHINESE-OWNED CHIP MAKER

Late last month, the Dutch economy ministry seized control of Nexperia from China's Wingtech Technology and suspended Wintech founder Zhang Xuezheng from his position as CEO. The seizure and ouster underscore US-China tensions across the tech sector. US officials had warned their Dutch counterparts earlier that if they wanted to avoid Nexperia from being put on a trade blacklist, they would almost certainly have to remove its Chinese owner as CEO. The Dutch economy minister claims that the move was based on evidence that the CEO was moving quickly to shift production capacity, financial resources, and intellectual property to China, not because of pressure from any other country.

links.tldrnewsletter.com · 6 min

TLDR IndexPage 2