Dutch Court Tightens Nexperia Controls, Wingtech Plans Appeal

Wingtech Technology says it will appeal a Dutch court’s latest interim order in its dispute over chipmaker Nexperia, calling the ruling factually unsupported and legally flawed. The order requires Wingtech and its Yuching Holding unit to withdraw two claims in a Chinese lawsuit within seven days and bars them from enforcing parts of a Chinese court order; penalties across the measures are capped at €300 million. The Dutch court has also directed Wingtech, Nexperia China and company executives not to interfere with Nexperia’s operations or court-appointed officials, who are exploring possible long-term solutions, including outside investment.