The Dutch government announced it will add biotech, artificial intelligence (AI), nanotechnology and sensor and navigation technology to its investment screening law, which was introduced last year.
“The international security situation has deteriorated rapidly in recent years,” Economy Minister Dirk Beljaarts said.
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“The Netherlands already is the target of hybrid attacks, such as cyber operations, espionage and sabotage. Adding these technologies protects Dutch entrepreneurs, their innovations and the future of the Dutch economy,” he added in a statement.
The law allows the government to block takeovers on national security grounds, for example. The additions are expected to be incorporated into the law in the second half of 2025.
Once it goes into effect, deals involving vital infrastructure, real state and technology must first be presented to the country’s Investment Review Office. The organization will then take between eight weeks to six months to advise the government on the national security implications of the investment.
Last year, the government implemented restrictions on the export of Dutch semiconductor technology to China under pressure from the US. ASML, the world’s only producer of high-end lithography machines which are essential to produce chips in a wide-range of technologies, is a Dutch firm.
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