"Dutch chip manufacturer Nexperia will not be allowed to relocate any of its business units, appoint executives, or make critical decisions about its own business operations in the coming years without the green light from its government. This has been reported by both Chinese media, where the news first appeared this weekend, and Dutch news publication NRC Handelsblad. Nexperia is owned by the Chinese holding company Wingtech."
"Nexperia received the letter from the Ministry of Economic Affairs on September 30, one day before the US imposed stricter export restrictions on Chinese companies. These rules make it impossible for the company to purchase American goods without a license. Since December 2024, Wingtech has been subject to the US's long-standing tough anti-Chinese measures. Wingtech responded angrily in an online statement that was later removed."
The Dutch government has restricted Nexperia from relocating business units, appointing executives, or making major operational decisions for one year under the Goods Availability Act to prevent transfer of chip expertise to China. Nexperia is owned by Chinese holding Wingtech. The Amsterdam Enterprise Chamber removed CEO Zhang Xuezheng after a request from three directors and temporarily replaced him with a non-Chinese director following an emergency hearing. Nexperia received the ministry letter on September 30, one day before the US imposed stricter export controls that require licenses for American goods. Wingtech has faced US measures since December 2024 and reacted angrily, calling the actions discriminatory. NRC insiders indicated concerns about planned knowledge leaks.
Read at Techzine Global
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