Wingtech Technology has filed a lawsuit in China against its subsidiary Nexperia, seeking at least 8 billion yuan in damages. The case was lodged at the Dongguan Intermediate People’s Court. The dispute follows the Dutch government’s October 2025 decision to take control of Nexperia, a semiconductor manufacturer Wingtech acquired in 2019. The Netherlands relied on the 1952 Goods Availability Act, citing serious governance shortcomings and threats to European economic security, and suspended Wingtech’s chairman from Nexperia board roles. Wingtech argues the seizure violated shareholder and investor rights and invokes China’s Anti-Foreign Sanctions Law to challenge discriminatory foreign actions.
"Wingtech Technology has sued its subsidiary Nexperia in a Chinese court, seeking at least 8 billion yuan ($1.1 billion) in damages over the Dutch government's seizure of the chipmaker. The lawsuit invokes China's Anti-Foreign Sanctions Law, making it a test case for how Chinese companies can push back against Western semiconductor restrictions."
"The case, lodged at the Dongguan Intermediate People's Court, seeks at least 8 billion yuan, roughly $1.1 billion, in damages. It is the first major legal challenge to a European government's forced seizure of a Chinese-owned chipmaker. The dispute centres on the Dutch government's decision in October 2025 to take control of Nexperia, a semiconductor manufacturer based in Nijmegen that Wingtech acquired in 2019."
"The Netherlands invoked its Goods Availability Act, a Cold War-era law from 1952, citing " serious governance shortcomings " and threats to European economic security. Wingtech's chairman was immediately suspended from all Nexperia board roles. The seizure was the first time a European government had forcibly taken control of a Chinese-owned technology company."
"Wingtech is now arguing that the seizure violated its rights as a shareholder and investor. The lawsuit invokes China's Anti-Foreign Sanctions Law, a 2021 statute designed to give Chinese entities legal tools to fight back against what Beijing considers discriminatory foreign actions. If the court rules in Wingtech's favour, it could set a precedent for how Chinese companies respond to Western semiconductor restrictions."
#semiconductors #international-litigation #china-anti-foreign-sanctions-law #dutch-government-seizure #geopolitical-trade-controls
Read at TNW | China
Unable to calculate read time
Collection
[
|
...
]