Chipmaker Nexperia’s Chinese parent company, Wingtech, said on Nov. 28 that it has gone to the Netherlands’ Supreme Court to challenge a lower court’s decision to remove its control of Nexperia.
The two-month-long dispute, which disrupted auto industry supply chains, shows no sign of ending despite compromises reached by Dutch and Chinese government officials earlier this month, as Wingtech and Nexperia blamed each other for the stalled negotiations.
Wingtech, partially owned by the Chinese communist regime and blacklisted by the United States, acquired Dutch chipmaker Nexperia in 2019.
The stand-off between Nexperia’s Chinese parent company and its Dutch headquarters began when the Dutch Minister of Economic Affairs Vincent Karremans invoked the Cold War-era Goods Availability Act to seize control of Nexperia, citing concerns over “serious governance shortcomings” that arose from alleged actions by the company’s then-CEO Zhang Xuezheng….
China’s Wingtech Appeals Nexperia Ruling at Dutch Supreme Court
