Overview

• The Dutch Ministry of Economic Affairs invoked the Goods Availability Act on Sept. 30, granting powers to block or reverse company decisions while allowing regular production to continue.
• An Amsterdam Enterprise Court suspended Wingtech chairman Zhang Xuezheng from Nexperia board roles and authorized the appointment of an independent non‑executive director with a deciding vote.
• Wingtech disclosed that its control over Nexperia is temporarily restricted and said it is pursuing legal remedies and government support as its shares fell about 10% in Shanghai trading.
• The government said the measures aim to ensure Nexperia’s chips do not become unavailable during an emergency and to safeguard critical capabilities on Dutch and European soil.
• The European Commission said it is in close contact with Dutch authorities and will work with the Netherlands on next steps to secure crucial technological capabilities in Europe.