Dutch court weighs Nexperia control battle with China’s Wingtech

European executives astatine Nexperia person appeared successful an Amsterdam tribunal against its Chinese proprietor Wingtech Technology successful a quality implicit power that has disrupted automotive spot supply, reported Reuters.

The clash intensified connected 30 September, erstwhile the Dutch authorities temporarily took power of the semiconductor group, citing concerns that operations and intelligence spot were being shifted to China.

The involution was aboriginal withdrawn successful an effort to calm relations with Beijing.

Nexperia produces silicon wafers astatine European sites earlier sending them to China for cutting and packaging.

On 7 October, the Amsterdam Enterprise Court suspended Wingtech laminitis Zhang Xuezheng from his relation arsenic CEO and removed Wingtech’s authorization implicit Nexperia’s shares, citing “well-founded reasons to doubt” whether the institution was being decently managed.

At the latest hearing, the archetypal to beryllium held successful public, judges heard arguments connected whether to motorboat a afloat probe into alleged mismanagement raised by elder European executives oregon to overturn the earlier tribunal orders.

A ruling volition beryllium delivered astatine a aboriginal date.

In erstwhile decisions, judges pointed to a imaginable struggle of interest, noting that Xuezheng owns a Shanghai mill supplying wafers to Nexperia.

They besides said Xuezheng and Wingtech had not implemented governance changes intended to forestall the radical from being placed connected a US blacklist.

Wingtech is expected to reason that Xuezheng’s strategy was suitable for a subsidiary of a Chinese radical with large sales, customers and enlargement prospects successful China, the world’s largest car market.

Xuezheng is not expected to be the hearing, with his lawyers responding connected his behalf.

The Dutch authorities is expected to backmost Nexperia’s European management.

Governments successful the US, the Netherlands and China imposed, and aboriginal lifted, measures affecting Nexperia during 2025, citing geopolitical and strategical risks.

The institution reported a nett of $331m connected income of $2.06bn successful 2024 and has begun splitting into 2 smaller businesses arsenic customers look for alternate spot suppliers.

Nexperia halted wafer shipments to China successful October, citing non-payment, and plans to put $300m to grow packaging capableness successful Malaysia to service customers extracurricular China.

"Dutch tribunal weighs Nexperia power conflict with China’s Wingtech " was primitively created and published by Just Auto, a GlobalData owned brand.

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