Global automakers are at risk as the head of China’s Wingtech Technology warned over chip supplies unless its control over Dutch chipmaker Nexperia BV is restored, media report. Wingtech, a state-invested China company, has owned Nexperia since 2019, but Wingtech’s founder was removed as Nexperia CEO by a Dutch court. Wingtech was put on the US entity list in 2024, and its subsidiaries (including Nexperia) were added in September this year, a key reason for the dispute.
Source: Dan Nystedt
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
