AMSTERDAM (Reuters) – The Dutch government on Monday said that, after an assessment, it won’t block Chinese-owned Nexperia’s acquisition of Delft-based start-up Nowi.
“There are no legal objections to the acquisition of Nowi by Nexperia,” Economic Affairs Minister Micky Adriaansens said in a letter to parliament.
Nexperia, owned by China’s Wingtech , bought Nowi, which has around 40 employees, for an undisclosed sum in 2022. But the Dutch government decided to vet the deal retroactively in May 2023 after it established a new office to review foreign takeovers of potentially sensitive technologies.
Nowi makes power management chips that can use ambient sources of electricity such as light or vibrations as a power source – potentially useful as a way to remove the need for batteries in simple electronic devices.
(Reporting by Charlotte Van Campenhout and Benoit Van Overstraeten; Editing by Jan Harvey and Mark Porter)
