Holland has backed down!
Foreign news reported on the evening of November 7: "The dispute over the control of semiconductor manufacturer Nexperia is expected to take a turn. The Dutch government is reportedly preparing to suspend a 'Ministerial Order' if China lifts its ban on exports of key chips, Amsterdam will give up its control over Nexperia."
Holland's statement shows that it has been the first to back down in the game with China. Under the changing dynamics between the US and China, Holland's previous tough stance lacked confidence. China, as the world's second-largest economy, not only has a huge market size but also dominates key industrial chains such as rare earths, which can deal a fatal blow to Holland's relevant industries. If Holland insists on holding out, it will only lead to its supply chain breaking and economic interests being damaged. This concession is a practical choice to recognize reality. If it still clings to unilateral confrontation and ignores China's countermeasures, it will eventually suffer more severe losses, which is not worth it.
Original article: www.toutiao.com/article/1848152046809091/
Statement: This article represents the views of the author.