Chinese court freezes $300M of Nexperia stakes in Wingtech fight

A Dongguan court blocked Nexperia's stakes in four China units until 2029 amid a bitter Wingtech ownership dispute.

ChipNews Staff
2 Min Read

The battle over Nexperia’s ownership just escalated into a legal siege on its China business, with a court freezing the Dutch group’s stakes in four mainland units until 2029.

Wingtech, Nexperia’s biggest shareholder, and its Yucheng Holding affiliate filed an asset-preservation request that led to the order, disclosed in a filing to the Shanghai Stock Exchange. The blocked holdings include full ownership of Nexperia Semiconductor China, Nexperia Semiconductor Wuxi and Nexperia Semiconductor Shanghai, a 99 percent stake in Nexperia Semiconductor Technology Shanghai, and the equipment arm’s entire Wuxi unit.

Seizures took effect in the week of August 20 and extend through August 2029, according to the filing. The underlying lawsuit, filed in May, seeks ¥8B in damages and accuses Nexperia of carrying out what the plaintiffs call discriminatory restrictions ordered by the Dutch government.

Amsterdam intervened in the company in 2025 over worries that technology, cash and production assets could move abroad, removing the chief executive and placing the voting rights behind Wingtech’s stake under independent management. The Dutch government has since lifted its intervention, yet the ballot rights tied to Wingtech’s shareholding remain parked with an independent administrator, leaving the would-be owner without board control.

Nexperia, a supplier of chips for cars, consumer gear and industrial equipment, has already seen international deliveries disrupted by the standoff, which continues to weigh on China-Netherlands ties.

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