4 d. ago Dutch seized Nexperia over fears Chinese owners planned to move chip production to China

The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response, China’s Ministry of Commerce on October 4 imposed export controls on Nexperia’s Chinese subsidiary and its...

Politics

6 d. ago Chip supply at risk in fight over Nexperia, unit of China’s Wingtech

Nexperia, the European semiconductor subsidiary of Chinese electronics part maker Wingtech, is caught in the crossfire of the US-China tech war and faces an uncertain future amid restrictions from both the Chinese and Dutch governments, according to analysts. The Dutch government has taken over Nexperia, a move that provoked strong opposition from its Chinese owner Wingtech, the Chinese government and players in China’s semiconductor supply chain. They have vowed to fight for control of the...

Events

6 d. ago Beijing rallies support for Wingtech as subsidiary Nexperia faces dual sanctions from US and China

Beijing rallies support for Wingtech as subsidiary Nexperia faces dual sanctions from US and China  DIGITIMES Asia

Politics

7 d. ago US warned Dutch Nexperia CEO must go to avoid entity list fallout: court

US officials told their Dutch counterparts that the Chinese CEO of Nexperia “will have to be replaced” for the company to be exempt from Washington’s entity list, newly disclosed court documents show. The disclosure comes after the Dutch government effectively seized control of the semiconductor firm, a subsidiary of the Chinese company Wingtech, forcing a change in management under an obscure law known as the Goods Availability Act. In doing so, the Dutch authorities removed founding CEO Zhang...

Events

7 d. ago China vows to support Wingtech in Dutch national security battle over Nexperia

China has voiced support for local electronics parts supplier Wingtech as it battles authorities in the Netherlands over control of its European semiconductor unit. The state-backed China Semiconductor Industry Association (CSIA) said in a statement on Tuesday that it “firmly supports” CSIA member Wingtech in defending its rights, a day after the Chinese company said its European subsidiary Nexperia, which it acquired in 2019, was under temporary external management following an order from the...

Events

8 d. ago China chipmaker WingTech plunges 10% after Dutch government takes control of subsidiary Nexperia

China chipmaker WingTech plunges 10% after Dutch government takes control of subsidiary Nexperia  CNBC

Politics

8 d. ago China’s Wingtech Dives 10% After Dutch Take Control of Chip Unit

China’s Wingtech Dives 10% After Dutch Take Control of Chip Unit  Bloomberg.com

Politics

9 d. ago China’s Wingtech says Dutch court freezes control of Nexperia amid ‘national security’ dispute

In a move that could dent China’s relations with the European Union, Chinese technology company Wingtech said control of its Dutch subsidiary Nexperia has been effectively frozen, following an intervention by a government ministry and court in the Netherlands. In a corporate filing dated October 13, lodged with the Shanghai Stock Exchange on Sunday, Wingtech said semiconductor manufacturer Nexperia is now under temporary external management following an order from the Dutch Ministry of Economic...

Events