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Mmastodon TechnologySemiconductors first seen 16 h ago, last 58 min ago, peak #4

Wingtech rejects court-backed plan for Nexperia control

Original: Shanghai-listed Wingtech Technology has rejected a court-backed plan to hand control of Dutch chipmaker Nexperia's globa

Shanghai-listed Wingtech Technology has rejected a court-backed plan to hand control of Dutch chipmaker Nexperia's global business to an outside investor, calling the move expropriation and discrimination against Chinese investors. Nexperia has filed a lawsuit seeking 2.3 billion dollars in damages, deepening the dispute over ownership and governance of the semiconductor supplier.

Why now: The escalating legal battle over Nexperia's control has major implications for the global chip supply chain.

Wingtech TechnologyNexperiaChinaNetherlands

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