FT News Briefing The Netherlands takes over Chinese-owned chipmaker
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Oct 14, 2025 US stock markets showed positive momentum following a softening of Trump's China tariff rhetoric. The Netherlands has taken control of a Chinese-owned semiconductor firm, Nexperia, citing national security concerns amid geopolitical tensions. Meanwhile, European IPO markets are witnessing a revival, with cautious optimism about future listings. The recent Nobel Prize in Economics awarded for research on innovation-driven growth ties into the discussions of economic trends and market dynamics.
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Markets React To Tone On China
- US stocks rebounded after President Trump softened his stance on imposing 100% tariffs on China.
- The S&P 500 recouped part of Friday's 2.7% drop, rising more than 1.5% on Monday.
Dutch Control Alters Chipmaker Governance
- The Dutch government used a 70-year-old law to take operational control of Nexperia while leaving ownership with WingTech.
- Political and economic decisions will be made by European-based directors and the Ministry of the Economy.
Nexperia's Large-Scale, Low-End Production
- Nexperia makes more than 10 billion simple chips a year for autos and consumer electronics.
- WingTech, a Chinese smartphone maker, acquired Nexperia in 2019 and is a listed company in China.