Overview
- Amsterdam’s Enterprise Chamber considered ordering a full investigation into alleged mismanagement at Nexperia or lifting the interim measures imposed in October.
- Judges previously suspended Wingtech founder Zhang Xuezheng as CEO and removed Wingtech’s control over Nexperia’s shares, citing potential conflicts tied to a Shanghai wafer supplier and unimplemented governance changes to avoid a U.S. blacklist.
- Nexperia’s lawyer accused Wingtech of destabilizing the company, while Wingtech and Chair Ruby Yang pressed for reversal of the measures and defended Zhang’s strategy as aligned with China market opportunities; Zhang did not attend.
- Chip supplies to automakers were disrupted after China temporarily blocked exports from Nexperia’s plant in October, a move later reversed following a Trump–Xi meeting, with manufacturers such as Honda halting some production.
- Nexperia halted wafer shipments to China citing nonpayment, began splitting into smaller units, and plans a $300 million packaging expansion in Malaysia, while the Dutch state’s September seizure of control was later revoked.