Chinese Court Freezes Over $300 Million in Nexperia Assets Amid Wingtech Legal Dispute
Covered by 2 sources
A Chinese court in Guangdong has frozen approximately $300 million in assets belonging to Dutch chipmaker Nexperia, including stakes in four Chinese subsidiaries, following a legal dispute initiated by its owner Wingtech. The freeze restricts asset disposal until 2029 but does not impact daily operations or production. The dispute arises amid Dutch government restrictions concerning technology and asset transfers involving Nexperia.