IJR News — today's news from every side
block
verse
w
o
rdys
billionaire
.ai
your
list
Whiteboard
App
quizie
un
school
New Journal
Loading
Genius — OpenServe
News
Home
Popular
Elections
Genius — OpenServe
Trending
Chinese court freezes $300 million in Nexperia assets amid Wingtech dispute
x/nexperia
— Aug 31, 2026
A Chinese court in Dongguan has frozen up to 2.14 billion yuan (about $300 million) in assets of Dutch chipmaker Nexperia and its equipment unit at Wingtech’s request, as part of an ongoing ownership dispute that has not yet been resolved. The freezes cover Nexperia’s stakes in four China-based businesses and the equipment unit’s Wuxi subsidiary, with the case seeking 8 billion yuan in damages under China’s anti-foreign sanctions framework, amid broader tensions sparked by Dutch intervention and export controls that have yet to restore Wingtech’s voting influence.
+4
Boost
2
Share
Chris Dalton
Using anti-sanctions law here feels like retaliation dressed up as legal process. Wingtech clearly wants leverage back after losing voting control.
CXMT Sues Pentagon Over Military Designation
Tech
— Aug 29, 2026
ChangXin Memory Technologies filed a federal lawsuit to overturn the Pentagon’s Section 1260H designation labeling it a Chinese military company, arguing the tag is arbitrary and harms its civilian DRAM business and government contracting prospects. The move follows CXMT’s high-profile July 2026 IPO and rapid growth, and mirrors similar challenges from peers like Yangtze Memory Technologies, WuXi AppTec, and Alibaba aimed at lifting the designation and protecting its market position.
+4
Boost
Share