Wingtech Sues Nexperia for 1.2 Billion Dollars in Damages
Chinese firm Wingtech Technology has filed a lawsuit against its subsidiary Nexperia and five other entities seeking 8 billion yuan in compensation for economic losses. The company alleges that its control over the Dutch chipmaker remains restricted despite previous agreements to resolve the dispute.
WINGTECH TECHNOLOGY CO LTD-A filed a lawsuit against Nexperia B.V. seeking 8 billion yuan ($1.18 billion) due to restricted control over the Dutch chipmaker. The filing re-escalates a conflict between China and the Netherlands over semiconductor intellectual property and export controls. Investors face prolonged uncertainty as the dispute widened Wingtech's 2025 net loss by 210% to 8.7 billion yuan compared to a 2.8 billion yuan loss the previous year.
