The Dutch government has taken temporary control of Chinese-owned chipmaker Nexperia under emergency legislation, citing risks to national and European security and marking one of the most forceful state interventions in Europe’s tech sector to date.

The Dutch government has taken control of Chinese-owned semiconductor manufacturer Nexperia, based in the Netherlands, deploying a rarely used emergency statute to head off what it called risks to Dutch and European economic security stemming from “serious governance shortcomings.”