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What exactly does take control mean? Does Wingtech still formally own Nexperia but has to give up control temporarily? Or is this now straight-up property of the Dutch state? I would have loved more details on what the possibilities are within this act.
thx for posting
It's a bit vague as the government didn't publish all details.
AFAICT the principle of this law is that the minister/department involved can override company decisions and issue instructions to those who work for the company in order to ensure customer orders are fulfilled. No actual ownership has changed as such, though this could be a precursor to that, but even though Wingtech still owns Nexperia, it has to obey the government edicts over those of Wingtech.
Original government publication (in Dutch): https://www.rijksoverheid.nl/actueel/nieuws/2025/10/12/wet-beschikbaarheid-goederen-ingezet-door-minister-van-economische-zaken
Wiki article on this law: https://en.wikipedia.org/wiki/Goods_Availability_Act_(Netherlands)
In the words of PinkPantheress: "is this illegal? It feels illegal."
I will make it legal