Wingtech of China demands restoration of control over Nexperia
Wingtech's Control Over Nexperia: Wingtech has called for the restoration of its control over Nexperia after a Dutch court ruling stripped it of this authority, amidst a global supply chain crisis affecting chip production.
Legal Dispute and Government Involvement: The Dutch government has been accused by Wingtech of instigating legal proceedings against it, with ongoing court investigations into alleged mismanagement at Nexperia.
Impact on Supply Chains: Beijing has eased export controls on Nexperia chips, but has warned that resolution of the court ruling is necessary for supply chains to stabilize.
Corporate Restructuring Plans: Nexperia was reportedly planning to change its corporate structure to avoid being listed as a security threat by the U.S., while Wingtech has been on this list since December 2024.
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