An incredible violation of the rule of law and of the free market economy has just taken place in the EU.
The Netherlands just seized a Chinese-owned semiconductor company - Nexperia.
Nexperia is a semiconductor manufacturer headquartered in Nijmegen, the Netherlands. It is a subsidiary of Wingtech Technology, a Shanghai-listed company partially owned by the State-owned Assets Supervision and Administration Commission of the State Council
The Excuse: “National security” and to prevent “possibility” of IP being stolen.
It’s like the the movie "Minority Report" where people were arrested for pre-crime, but this is real life in geopolitics.
The shares of Wingtech were simply stolen by the Dutch government; and the Chairman fired.
In legal terms, the “Goods Availability Act” was invoked - for the first time ever. The alleged reason is to:
“prevent a situation in which the goods produced by Nexperia would become unavailable in an emergency.”
EUROPEAN GOVERNMENTS - CRIMINAL GANGSTERS
First, European Government seized Russian Sovereign Wealth Fund assets.
Now, Europeans are seizing Chinese companies.
This is a dangerous slope.
Who would want to invest in Europe or the US?
Who will ever again buy EU or US bonds?
The shift towards China is happening, it will get worse and worse.
Decoupling.
Seizing assets.
Controlling/preparing proxies > South Korea, Philippines, etc.
Destabilizing China’s neighbors.
Preparing maritime blockades at choke points in the Baltic and elsewhere.
And going towards a kinetic with words, through proxies of course.
The lives lost will be Asian, the weapons sold to do it all, will be American.
HOW CHINA COULD RESPOND:
How China could respond:
Shell Oil owns 1,000+ gas stations, petrochemical plants in Huizhou and Fujian, and LNG terminals.
Unilever enjoys $5B annual sales in China.
ING =100+ branches, digital banking for 10M+ customers.
