China's Wingtech says its control over Nexperia must be restored

Group 1 - Wingtech asserts that its control over Nexperia must be restored following the Dutch government's suspension of its seizure of the chipmaker, which is crucial in the global supply chain crisis [1][2] - The Chinese commerce ministry welcomed the suspension and both Beijing and Wingtech are calling for a reversal of a Dutch court ruling that stripped Wingtech of its control over Nexperia [2] - Wingtech has stated it will not accept any attempts to legitimize what it considers illegal outcomes regarding Nexperia's governance and equity [3] Group 2 - Recent easing of export controls by Beijing on Nexperia chips packaged in China has provided temporary relief to global automakers and suppliers, but issues like the court ruling need resolution for supply chains to normalize [4] - The ongoing dispute began after the Dutch government intervened on September 30, leading to the removal of Nexperia's then-CEO Zhang Xuezheng due to alleged mismanagement, which Wingtech has rejected [5] - Nexperia was preparing to change its corporate structure to avoid being placed on the U.S. "entity list" of companies considered security threats, while Wingtech has been on this list since December 2024 [6] Group 3 - Wingtech has accused the Dutch government of instigating the court proceedings and has called for the government to withdraw its support [7] - The Dutch court is expected to decide on whether to conduct a full investigation into the alleged mismanagement within a reasonable timeframe, although no specific date has been set [7]