All articles tagged with #wingtech
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.