Overview
- The Enterprise Chamber held a hearing on January 14 to decide whether to open an official investigation into alleged mismanagement at Nexperia, with a ruling due by February 11.
- Economy Minister Vincent Karremans told the court that Wingtech’s Nexperia China requested Chinese export restrictions on Nexperia chips, which contributed to a global shortage.
- The minister said company seals were taken to China, preventing exemption applications, and that a Chinese lawyer attempting to retrieve the seals was arrested.
- CEO Zhang Xuezheng remains suspended since October and did not appear at the hearing, with Dutch authorities reporting he has been unreachable for investment screening inquiries.
- Nexperia executives and the works council described a split between Nexperia China and the European business, continuing supply disruptions, a proposed headquarters move to Amsterdam, and potential sales of factories in Germany and the UK, while Wingtech argued its steps were meant to navigate sanctions.