Nexperia Accuses Chinese Owner of Threats in Testy Chip Feud
Nexperia headquarters in Nijmegen, Netherlands.
Photographer: Lina Selg/BloombergDutch chipmaker Nexperia BV claimed that Chinese owner Wingtech Technology Co. was pushing for technology transfers out of Europe and threatening executives in a highly charged court hearing that laid bare how deep and personal a dispute over control has become.
In its bid to regain shareholding rights, Wingtech pushed back by attacking Nexperia’s European management, claiming that the company was performing well before the court’s intervention. It refuted claims that Nexperia was being “emptied out” and said the developments raise major questions about its “unequal treatment” as a Chinese investor.