Overview
- At the first public hearing in Amsterdam, judges considered whether to order a full investigation into alleged mismanagement or reverse October measures, with a decision to be set later.
- Nexperia’s lawyer accused Wingtech of a “scorched earth” effort to destabilize the firm, while Wingtech founder Zhang Xuezheng did not attend, with his counsel citing his condition; the Dutch state was expected to support Nexperia.
- The court previously suspended Zhang and removed Wingtech’s voting control on Oct. 7 over governance concerns, following a Sept. 30 Dutch state move to take control that was later withdrawn after diplomatic steps.
- The dispute has disrupted supplies of basic auto chips, and Nexperia has halted wafer shipments to China citing nonpayment, begun splitting into two businesses, and earmarked $300 million to expand packaging in Malaysia for non-Chinese customers.
- Wingtech Chair Ruby Yang said the company could only be saved if court measures were reversed, and the group is expected to argue Zhang’s China-focused strategy is commercially justified as its Dongguan unit rebrands and seeks Chinese sourcing including from WingSkySemi.