31 h. ago Chinese investors grill listed companies with European units after Dutch move

Chinese investors are grilling listed companies with European exposure after the Dutch government seized management control of Nexperia from its Chinese owner Wingtech Technology, in a sign that public trust in European business ties is being undermined. At least seven companies listed in Shanghai and Shenzhen have been publicly asked by investors about risks stemming from their investments and operations in the Netherlands, Luxembourg, Germany, France and Italy. The souring sentiment is a...

Economics

4 d. ago Nexperia’s China unit says staff can ignore orders from Dutch headquarters

Nexperia’s China unit says staff can ignore orders from Dutch headquarters  Financial Times

Politics

5 d. ago ‘We are aware of a message ’: Dutch chipmaker responds to China unit’s independent operations claim

‘We are aware of a message ’: Dutch chipmaker responds to China unit’s independent operations claim  Times of India

Events

5 d. ago Nexperia China tells employees to ignore orders from Dutch head office

Nexperia China, the local unit of the Dutch chipmaker, has told its employees to follow orders from local management and ignore instructions from the Dutch head office, according to a letter issued to employees over the weekend. In open revolt against the headquarters in Nijmegen, the Netherlands, Nexperia China said in a Chinese-language statement on its official social media channel on Saturday that it was an “independent” Chinese entity and that Nexperia employees in China “should continue to...

Society

6 d. ago Nexperia said to halt salaries and system access for Chinese employees

Nexperia has withheld access to work accounts and halted salaries for its employees in China, according to local news reports citing a letter from the Chinese unit of the Dutch chipmaker, marking the latest escalation in a growing political dispute between the Netherlands and China. The Chinese unit of Nexperia informed customers on Friday that it had been notified by headquarters that salary payments would cease and employees’ access to company systems would be suspended, according to Chinese...

Politics

1 week 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