The Chinese billionaire accused of stealing Britain’s chip industry

**Summary:**On November 1st, a major scandal unfolded as Dutch authorities seized Nexperia, a semiconductor company owned by Chinese billionaire Zhang Xuezheng, due to allegations of technology theft and misuse of company resources. The seizure, which occurred the same day the US imposed new export rules on Chinese tech firms, has led to a freeze on chip shipments, threatening car production lines and jobs across Europe. The crisis highlights the deep interconnection of global business and politics, with workers caught in the middle of a geopolitical dispute.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.