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Dutch Trade Minister Sjoerd Sjoerdsma said on Tuesday that the Netherlands and China were cooperating "extremely well" to resolve a dispute involving chipmaker Nexperia, as he sought to reset ties with Beijing during the first visit by a Dutch trade minister to China since 2018. The three-day trip comes amid intensifying U.S.-China technology competition and renewed trade tensions between China and the European Union. Dutch-headquartered chipmaker Nexperia, owned by China's Wingtech Technology, remains locked in a dispute with its Chinese parent over control and governance after Dutch au
BEIJING, May 27 (Reuters) - China's market regulator has fined Luxshare Precision Industry 900,000 yuan ($133,000) for unlawful implementation of acquisition of some business of Wingtech Technology,
BEIJING, May 22 (Reuters) - China's Wingtech Technology has filed a lawsuit with a subsidiary against Nexperia B.V. and five other entities, saying its control over the Dutch chipmaker remained
According to a filing to the Shanghai bourse on Wednesday, Wingtech's stock will carry a delisting risk warning starting May 6th.
Wingtech Technology said on Wednesday that its net loss widened to 8.7 billion yuan ($1.3 billion) in 2025 from a 2.8-billion-yuan loss a year earlier, as a dispute over control of Nexperia weighed on the company's performance. • Wingtech's control over Nexperia's relevant overseas entities remains restricted, it said in a filing to the Shanghai Stock Exchange. • Those entities are not following Wingtech's order to conduct business and have suspended wafer supplies to Nexperia China's relevant departments, disrupting the continuity of the company's manufacturing operations, it said.
The clash intensified on 30 September, when the Dutch government temporarily took control of the semiconductor group.
Nexperia’s China unit is moving to line up new wafer suppliers over the next six to nine months amid a deepening legal and operational dispute with its Dutch parent company.
Wingtech contends that the court exceeded its remit and placed undue weight on submissions from Nexperia’s own leadership.
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