Chipmaker Nexperia And Chinese Owner Wingtech Fight For Control in Dutch Court

Dutch chipmaker Nexperia is facing a legal battle in an Amsterdam court as European managers challenge control by its Chinese owner, Wingtech. The dispute began after concerns that Nexperia’s technology and operations were being shifted to China, leading Dutch authorities and courts to step in and suspend Wingtech’s control. The judges face the question of whether they should open a full enquiry for possible improper management. The conflict affects the supply of chips for car manufacturers, causes Nexperia to break up several smaller companies, and compels the company to halt the delivery of wafers to China and instead begin production for anyone other than Chinese in Malaysia.