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How China Made the Netherlands Question the Free Market

  • The Dutch government has intervened from photonics to dredgers
  • China strategy, ASML case, U.S. pressure all seen as key moves
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When the Dutch government invested in home-grown chipmaker Smart Photonics this summer, it was a departure for a country with a hands-off approach to business.

A small company with big plans, Smart Photonics was struggling to attract financing to scale up production of its next-generation chips, whose applications include self-driving cars and datacenters.