Control Without Ownership for Strategic Firms

The Dutch government invoked a never‑used emergency law to temporarily nationalize governance at Nexperia, letting the state block or reverse management decisions without expropriating shares. Courts simultaneously suspended the Chinese owner’s executive and handed voting control to Dutch appointees. This creates a model to ring‑fence tech know‑how and supply without formal nationalization. — It signals a new European playbook for managing China‑owned assets and securing chip supply chains that other states may copy.