A Netherlands court has upheld the suspension of Zhang Xuezheng, former CEO of Dutch chipmaker Nexperia, and ordered an investigation into the company’s governance – another setback for Chinese parent company Wingtech.
“The Enterprise Chamber … acknowledges that Nexperia faced complex dilemmas due to geopolitical developments. However, this does not mean that an investigation should be omitted in this case,” the court said in its ruling, published on Wednesday.
The court found there were valid…
China’s Wingtech faces setback as Dutch court keeps Nexperia CEO suspended, orders probe
