Wingtech Demands Nexperia Control Restoration

Wingtech, a Chinese company, is demanding full control over Nexperia, a Dutch chipmaker, following a Dutch court ruling that stripped them of their ownership. The Dutch government temporarily paused its seizure of the company, but Wingtech and Beijing are pushing for a complete reversal of the ruling. Wingtech accuses the Dutch government of instigating the court proceedings and has threatened a legal battle. Meanwhile, China has eased export controls on Nexperia chips, but warns that supply chain issues must be resolved before operations return to normal.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.