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Netherlands Suspends Nexperia Order to Return Control to Wingtech

Wingtech says court measures still block full control.

Overview

  • Economy minister Vincent Karremans paused the September directive on November 19 and framed the move as a goodwill step toward talks with China.
  • Wingtech stated that emergency measures imposed by the Dutch enterprise court on October 7 remain in force, leaving its authority over Nexperia restricted.
  • The suspended Order had barred changes to assets, intellectual property, business and personnel across about 30 global Nexperia entities for up to one year.
  • Wingtech said it is working with international legal counsel on possible remedies to protect the company and its shareholders.
  • China welcomed the pause as an initial step yet called for removing remaining constraints, and Karremans earlier voiced confidence that chips from China would reach Nexperia customers.