"The company has also denied allegations that it has failed to pay employee salaries, claiming that its recently ousted CEO, Zhang Xuezheng, was actively spreading "falsehoods" after the Dutch Ministry of Economic Affairs took control of the firm last week, according to a statement obtained by Bloomberg. Based in the Netherlands, the Chinese-owned chipmaker produces components for, among other things, electronic control units (ECUs) used in automobiles."
"Last week, Dutch authorities took control of the firm under the nation's Goods Availability Act, amid allegations that Nexperia's leadership had planned to transfer sensitive chip technologies to its Chinese parent Wingtech Technologies. Under the rules, the Dutch Minister of Economic Affairs was granted the ability to block or reverse corporate decisions deemed harmful to the company's interests. The Dutch government's decision appears to have been influenced by Uncle Sam."
Nexperia denied claims that its Chinese division operates independently and rejected allegations of unpaid employee salaries. The company accused ousted CEO Zhang Xuezheng of spreading "falsehoods" after the Dutch Ministry of Economic Affairs assumed control under the Goods Availability Act. Nexperia manufactures chips, including electronic control units for automobiles, with most production in Hamburg and final packaging and assembly in China. Dutch authorities intervened amid allegations of planned transfers of sensitive technologies to parent company Wingtech. U.S. export-control changes and subsequent Chinese export restrictions on Nexperia's Chinese subsidiary and subcontractors escalated the geopolitical conflict.
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