China’s Wingtech Dives 10% After Dutch Take Control of Chip Unit
NegativeTechnology

Wingtech Technology Co. saw its shares drop by the daily limit of 10% following the Dutch government's decision to take control of its European unit, Nexperia. This unexpected move could escalate tensions between China and Europe, highlighting the ongoing geopolitical struggles in the tech sector. Investors are concerned about the implications for international relations and the future of semiconductor supply chains.
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