Nexperia parent Wingtech warns of 'cash flow risk' despite 280% surge in quarterly profit

Amid a geopolitical storm over its Dutch chip unit Nexperia, Wingtech Technology delivered stellar third-quarter earnings while warning of potential future disruptions. The impact of the power struggle at Nexperia, the biggest revenue earner for Wingtech, was "difficult to quantify precisely", the Chinese company said in its filing to the Shanghai Stock Exchange outside trading hours on Friday evening. "Should control over Nexperia fail to be restored by the end of 2025, the company may face the risk of ...