All articles tagged with #wingtech
Beijing warned of a potential new global semiconductor crisis amid an escalating dispute between Nexperia’s Dutch headquarters and its China unit under Wingtech, after China accused the Dutch side of disabling staff accounts. With Nexperia chips crucial to auto electronics and production already disrupted in the past, negotiations among Beijing, The Hague and Brussels have yet to resolve the impasse.
China confirmed that Wingtech and Nexperia held initial talks last week and urged continued negotiations to resolve ownership and supply chain issues, emphasizing the importance of restoring chip supplies to automakers and urging the Dutch government to revoke its administrative order.
The Dutch government has taken control of Nexperia, a Chinese-owned chip unit, citing national security concerns, leading to a 10% plunge in Wingtech's shares, amid growing scrutiny of Chinese companies in sensitive sectors and recent governance issues at Nexperia.
Chinese tech company Wingtech announced that Dutch authorities have frozen control of its subsidiary Nexperia due to concerns over governance and national security, with the Dutch government citing risks to technological security and the automotive sector. This move could impact China-EU relations.