AMSTERDAM :Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany.A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China's Wingtech, said the company had not been given an explanation f
AMSTERDAM :Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany.
The European Commission earlier on Thursday said it would allow 68 tech projects to receive state aid as part of its push to improve competitiveness in key technologies. Nexperia's project, which involved using semiconductors to help batteries run more efficiently, was not included. Dutch newspaper Het Financieele Dagblad initially reported the news, citing a European Commission document.
The Dutch government this week said it was looking at whether the company's acquisition of a startup in Delft called Nowi will require vetting by the Netherlands' newly established Investment Review Office.
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