Russ Mould

that next period was preparing to leak intellectual property from the Netherlands back to China.

Now, Nijmegen is one of the Netherlands' big technology hubs, and the Netherlands itself has got some fantastic technology companies, ASM Lithography, BE Semiconductor, ASM International, some of the world's leading providers of the equipment industry,

the very highly specific technical machines that make silicon chips.

Philips is based there.

And so the Dutch feel that there's a problem.

The Chinese have said that, no, we're compliant with all laws.

We're being good citizens here.

We don't know what's going on.

I guess now we wait to see what the Chinese make of this, given that, as we've seen with the American-Chinese trade dispute, as soon as one side has made a move, the other side has retaliated.

And China is a big market for some of those companies whose names I've just mentioned there.

So they'll be looking at this thinking,

that the chinese if the dutch have cited european legislation then it is possible that you will see retaliatory action we'll have to see what that takes and again you know president she will be looking at this purported expected hoped for summit with the u.s president because let's face it this is all tied into the same issue either you know economic trade technological supremacy

It could be.

I mean, Paramount has just gobbled up Skydance for around $8 billion.

It's got some powerful backers.

David Ellison is its boss.

His dad is Larry Ellison, one of the world's richest men from the software and NAI business.

I think, yeah, him and Elon, I think that's sort of tussling for that one at the moment.

And he's also got powerful private equity backers in, in Apollo.

Now Warner Brothers discovery, the products of really a failed merger three or four years ago.