Wingtech Demands $8B Redress as Dutch Court Freezes Control of Nexperia
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Wingtech Technology's chairwoman, Ruby Yang, is pressuring the Dutch government to return control of chipmaker Nexperia to its Chinese parent, warning of global semiconductor supply disruptions. A Dutch court's freeze on Wingtech's control has led to a breakdown in coordination between Nexperia's European and Asian operations, affecting automakers like Honda. Wingtech is appealing the ruling and may seek $8 billion in international arbitration if control isn't restored. The dispute involves a stalled wafer fab project in Shanghai and accusations of misconduct by Nexperia's executives.
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