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Wingtech Sues Nexperia for RMB 8 Billion, Seeks to Wrestle Back Control from Dutch Government

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Wingtech Sues Nexperia for RMB 8 Billion, Seeks to Wrestle Back Control from Dutch Government

Wingtech Technology (SHA:600745) has filed a lawsuit against Nexperia and other defendants as it seeks 8 billion yuan in damages and a restoration of control of its Dutch subsidiary, according to a Saturday filing with the Shanghai bourse.

A court in Dongguan City, Guangdong, China, accepted the case, but the hearing has yet to start, Wingtech said in its filing.

The Chinese parent company said the measures by the Dutch government against the Wingtech subsidiary constitute discriminatory behavior under China's anti-foreign sanctions law, Wingtech said in the filing.

Wingtech also petitioned the Dutch government to revoke a ministerial order invoking the country's Cold War-era Goods Availability Act, even if the order is suspended, as the ruling remains in effect, the company said.

Wingtech and another subsidiary, Yuching Holding, filed the complaint against respondents Nexperia Holding, Nexperia BV, Ruben Everard Gerard Lichtenberg, Achim Albert Kempe, Stefan Tilger, and ITEC.

Should the defendants fail to comply, Wingtech will request the entire equity of Nexperia and related subsidiaries be transferred to the listed parent company free of charge, according to the filing.

Wingtech earlier sought international arbitration to claim $8 billion in damages from the Dutch government's seizure of Nexperia, Reuters reported back in January.

The Netherlands seized control of Nexperia from Wingtech under the Goods Availability Act back in September 2025 to ensure the availability of finished and semi-finished products during an emergency.

"It is not, and never has been, Nexperia's intention to harm the interests of Wingtech's shareholders, nor that of our customers and partners worldwide," Nexperia said in a statement released Friday.

Nexperia said it started proceedings in October against Wingtech to stop "severe mismanagement" related to a conflict with suspended CEO Zhang Xuezheng.

The Dutch government's announcement back then came after U.S. President Donald Trump expanded U.S. sanctions to include subsidiaries of blacklisted companies in sensitive industries, heightening further trade tensions between Washington and Beijing, Bloomberg reported separately in October 2025.

Beijing's Commerce Ministry earlier slammed Nexperia in March for "severely" disrupting business operations by disabling employee accounts in China, while warning the Dutch side it will bear "full responsibility" should another chip crisis ensue.

But days after, Beijing's tone became more conciliatory after the ministry said it is willing to iron out relations with the Netherlands.

Commerce Minister Wang Wentao and Dutch Minister of Foreign Trade and Development Cooperation Sjoerd Sjoerdsma exchanged views on semiconductor trade in a meeting in Cameroon and also touched on the Nexperia issue, the ministry said.

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