Nexperia sues Wingtech and founder for damages
The gist
Dutch chipmaker Nexperia sued its Chinese owner Wingtech and founder Zhang Xuezheng in a Dutch court for damages.
Wingtech rejects the claim and says Nexperia sought US$2 billion.
How it unfolded
- Sep 2025The Dutch state intervened in Nexperia, saying it aimed to prevent operations moving to China; Beijing temporarily banned exports of the company's Dongguan-packaged chips, causing carmaker shortages.
- May 22, 2026The Dongguan Intermediate People's Court in Guangdong accepted Wingtech's lawsuit against Nexperia entities and three individuals, including interim CEO Stefan Tilger, per a Wingtech stock filing.
- May 23, 2026Wingtech said it sued in a Guangdong court seeking restoration of full control over Nexperia and 8 billion yuan (US$1.17 billion) in compensation under China's anti-foreign sanctions law.