Overview
- RTL Z reporting, cited by Omroep Gelderland, says Nexperia bought the De Zonneroos estate in Loenen aan de Vecht for about €6.7 million and that it reportedly served as Zhang Xuezheng’s Dutch residence.
- The Dutch Ministry of Economic Affairs acted in late September under the 1952 Goods Availability Act to largely take control of Nexperia and remove Zhang over risks of knowledge leakage and economic security.
- Omroep Gelderland reports that Zhang faced allegations of awarding contracts to companies he owned, contributing to a loss of board confidence that preceded the state’s intervention.
- Chinese authorities have reportedly barred Nexperia’s China plant from exporting chips abroad, disrupting European automakers that rely on output from a facility producing roughly 50 billion chips per year.
- Nexperia, parent Wingtech and Zhang have not responded to questions about the estate purchase, and experts note the law used by the ministry had not previously been applied.