Netherlands Backs Chinese-Owned Nexperia’s Takeover of Nowi (1)

Chinese-owned Nexperia BV’s acquisition of chip firm Nowi Energy BV won approval from the Dutch government, which has been probing it on national security grounds.

The Netherlands deemed Nowi’s technology not a threat to national security because it’s not dual-use, Dutch Economic Affairs Minister Micky Adriaansenssaid in a letter to parliament on Monday, confirming an earlier Bloomberg News report. The move signals that the Netherlands is still open to business with China after a series of US-led export control measures against the world’s second-biggest economy.

Earlier this year, Dutch authorities used new legislation to start a probe ...