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China’s Wingtech Technology has called on the Dutch office of its subsidiary Nexperia to engage in dialogue and provide constructive solutions to address control issues, aiming to stabilize the global supply chain. The company emphasized that Nexperia’s Dutch management should propose sincere and practical measures to restore Wingtech’s lawful control and complete shareholding rights, in accordance with applicable laws and facts.
The Dutch team has yet to respond substantively to the communication efforts initiated by Wingtech, which is based in Jiaxing and specializes in smartphone manufacturing. The company reiterated the belief that resolving disagreements through open dialogue is the most effective way to ensure smooth operations and maintain stability in the worldwide chip industry.
On November 19, Wingtech issued a statement clarifying that the Dutch government’s intervention measures against the Netherlands-based chipmaker had been suspended but not lifted. The company noted that it remains unable to fully regain control of Nexperia due to a Dutch court order still in effect, which limits its governance rights over the subsidiary.
The court order, issued on October 7, continues to restrict Wingtech’s ability to take full control of Nexperia. This followed an earlier announcement by the Dutch Minister of Economic Affairs that suspension of a ministerial order—initially issued on September 30—was enacted. That order, grounded in national security concerns, prohibited Nexperia and its 30 associated entities worldwide from making changes to assets, intellectual property, operations, or staffing for a year.
A subsequent court ruling by the Amsterdam Court of Appeal’s Enterprise Chamber included emergency provisions such as removing Wingtech’s founder, Zhang Xuezhang, from his role as an executive director of Nexperia, and placing the shares held by a Wingtech subsidiary under custody of an independent third party through a fiduciary arrangement.
Wingtech stated that the Dutch Ministry of Economic Affairs must thoroughly resolve the situation with Nexperia and that it continues to work closely with its international legal team to seek remedies and protective measures to defend its rights and regain control of the company.
As of 11:10 a.m. Shanghai time, Wingtech shares were trading at CNY40.65 (approximately USD5.72), down 4 percent. The intervention by the Dutch government in Nexperia caused Wingtech’s stock to fall the maximum limit for two consecutive days last month, wiping out 26 percent of its value. Since October 15, the stock has gradually recovered, reducing the decline to 12.5 percent.
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