Wingtech pursues international arbitration against Dutch state over Nexperia seizure
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Wingtech is pursuing international arbitration against the Dutch government, seeking $8 billion in damages after the seizure of chipmaker Nexperia. The Dutch state took control to prevent the transfer of Chinese intellectual property. The arbitration, under the Netherlands-China investment treaty, follows a formal notice served by Wingtech. The Dutch government argues its actions were legal, while experts suggest the intervention could impact Nexperia's investment value. A key hearing is scheduled for January 14, as the dispute affects global supply chains for carmakers.
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