Wingtech has expressed strong disappointment with the latest Dutch court ruling regarding its control over Nexperia. The decision refuses to lift temporary measures and does not restore Wingtech's shareholder rights, dealing a blow to the Chinese parent company. Wingtech insists the only solution is the immediate and unconditional removal of all restrictions.
The court has expanded its investigation to include Nexperia's current interim management, while acknowledging some of Wingtech's claims. The dispute centers on allegations that the Dutch entity deliberately halted wafer supply to its Chinese counterpart despite resumed production, and plans to dilute Wingtech's stake through external financing. Nexperia's Dutch HQ also awarded €6 million in bonuses to 130 key staff and raised director pay, moves Wingtech claims harm shareholder interests.
Controversies surrounding former Nexperia CEO Zhang Xuezheng have further complicated the case, with allegations of improper fund usage and IP transfer. Dutch authorities cite these as reasons for intervention, citing "management issues" and potential policy risks. The court has initiated formal proceedings and will appoint independent investigators.
ICgoodFind : The Dutch court's ruling intensifies a high-stakes cross-border semiconductor dispute. With investigations underway and potential negotiations ahead, the outcome will significantly impact both companies and global power semiconductor supply chains.
