Overview

• The Dutch Ministry of Economic Affairs issued a September 30 order that freezes Nexperia’s ability to adjust assets and intellectual property for one year under national supply legislation.
• The Dutch Enterprise Court imposed immediate emergency measures that include suspending CEO Zhang Xuezheng’s duties and authorities.
• Wingtech, Nexperia’s controlling shareholder, denounced the restrictions as a politicization of a commercial matter and protested what it calls discriminatory treatment of Chinese firms.
• The company alleges some foreign senior managers at Nexperia sought to change ownership arrangements through legal action in coordination with political pressure.
• Wingtech says it has started legal and diplomatic steps to seek revocation of the order, and it highlighted company-reported gains in revenue, margins, R&D and patents, including about RMB 14.7 billion in 2024 revenue.