which manufactures computer chips for the car and consumer electronics industries, due to worries about the possible transfer of crucial technology to its Chinese parent company, Wingtech.
The move prompted a 10% fall in Wingtech’s shares in Shanghai on Monday, and the firm said in a statement it was consulting with lawyers and seeking government support to “protect the legitimate rights and interests of the company”.
The Dutch Ministry of Economic Affairs said its intervention was “exceptional” and came in reaction to “acute signals of serious administrative shortcomings and actions” at the company.
