Overview
- Nexperia’s Chinese unit declared the Dutch head office’s dismissal of John Chang legally ineffective in China and said he will continue directing global sales, customer management, supply chain coordination and daily decisions.
- Following Beijing’s export ban, the China unit resumed shipments to domestic distributors with all transactions required in yuan and instructed downstream customers to settle in yuan as well.
- The Dutch state seized management control in late September and removed CEO Zhang Xuezheng, with interim leadership now held by Stefan Tilger at the headquarters.
- Nexperia has warned China-based customers that it cannot guarantee quality for products sourced from its Chinese subsidiary, while the China unit asserted independent operations and said it would pursue legal options.
- Investor scrutiny of Chinese firms with European assets has intensified, and Wingtech Technology’s shares have fallen roughly 12 percent this month.