On the Dash:
- Wingtech invites custodians to regain control of Nexperia and resolve a governance standoff.
- Dutch legal and government actions have disrupted operations and halted chip supplies to China.
- Talks aim to stabilize Nexperia’s governance and safeguard the global semiconductor supply chain.
Wingtech Technology, the Chinese parent company of Nexperia, has invited court-appointed custodians to discussions in a bid to regain control of the Dutch chipmaker and resolve a standoff that has threatened critical components for automakers.
The outreach was made to Guido Dierick and Arnold Croiset van Uchelen, who were appointed to oversee Nexperia after the Amsterdam Enterprise Chamber seized nearly all of the company’s shares. However, it remains unclear when the discussions might take place.
The invitation follows an unprecedented court intervention earlier this year, which also suspended Wingtech founder Zhang Xuezheng as chief executive of Nexperia. Notably, a Dutch Supreme Court appeal is still pending, leaving the legal status of Wingtech’s shareholding unchanged. The company contends that the Enterprise Chamber overstepped its authority and relied too heavily on submissions from Nexperia management and the Dutch economic affairs ministry.
The Dutch government also enacted powers to block or reverse decisions at Nexperia over concerns that Wingtech might transfer technology to China. The ministerial order was suspended last month in an effort to ease tensions and restart exports from Nexperia’s China facility.
Despite progress on the political front, an internal feud has persisted between Nexperia’s Dutch headquarters and its Chinese operations, which previously accounted for roughly half of the company’s chip production. Disputes over financing and control have led Nexperia to halt wafer supplies to its Guangdong facility, raising concerns among automakers that rely on the components.
Wingtech said the talks aim to restore Nexperia’s normal governance structure, put the company on a stable development path, and ensure the global semiconductor supply chain continues to function smoothly.
