Overview

• Nexperia said on Oct 20 that suspended CEO Zhang Xuezheng engaged in unauthorised actions and spread falsehoods about the company’s operations in China.
• The company denied claims that salaries were not being paid and said such statements are factually incorrect and misleading, with facilities operating normally.
• Nexperia’s China unit wrote on Oct 19 that employees could ignore instructions from outside China, asserting local management control and saying pay comes from the Chinese entity.
• The Netherlands placed Nexperia under government oversight in September and a Dutch court suspended Zhang, after U.S. officials had earlier warned replacing him was needed for export‑control relief, according to reporting.
• China’s Ministry of Commerce has blocked exports from Nexperia’s Chinese operations, and Dutch Economic Affairs Minister Vincent Karremans said he will speak with his Chinese counterpart and the European Commission to seek a resolution.