Overview
- The Amsterdam Enterprise Chamber held the first public hearing on whether to order a full investigation into Nexperia or to undo interim measures imposed in October.
- On Oct. 7, judges suspended CEO Zhang Xuezheng and transferred control of Wingtech’s Nexperia shares after citing management doubts and a possible conflict tied to Zhang’s Shanghai wafer plant.
- Lawyers clashed over governance and intent, with Nexperia accusing Wingtech of destabilizing the company and Wingtech rejecting any misappropriation claims while stressing reliance on China operations.
- The dispute followed a September move by the Dutch government to assume control under emergency powers that was later revoked, and Chinese export blocks in October that forced carmakers such as Honda and Mercedes-Benz to seek alternatives before curbs were eased.
- Nexperia halted wafer shipments to China citing nonpayment, is investing $300 million to expand packaging in Malaysia, and its Dongguan unit rebranded as Nexperia China with plans to source locally, including from WingSkySemi.