WINGTECH(SH:600745) Guan Cha Zhe Wang·2025-12-01 08:00Core Viewpoint - Wentech Technology has appealed to the Dutch Supreme Court against the Amsterdam Enterprise Court's decision to strip its subsidiary, Nexperia, of control, claiming the ruling was made without proper consideration of its arguments and under government influence [1][3]. Group 1: Legal and Corporate Actions - The Amsterdam Enterprise Court made a unilateral decision to suspend Nexperia's former CEO and place the company's shares under the control of a Dutch lawyer, citing concerns over potential IP and business transfer to China [3][4]. - Nexperia China accused Nexperia Netherlands of misleading the public and obstructing business operations by deleting employee emails and restricting IT access [5][6]. - The Chinese Ministry of Commerce issued an export control announcement prohibiting Nexperia's subsidiaries in China from exporting certain components [3]. Group 2: Supply Chain and Operational Impact - Nexperia China reported that it has shipped 7.4 billion chips since mid-October to supply 515 global customers, despite ongoing disruptions caused by Nexperia Netherlands [5][6]. - Nexperia Netherlands has halted the supply of wafers to Nexperia China and has failed to fulfill over 1 billion RMB in service fees, further complicating the supply chain [6]. - Nexperia Netherlands plans to invest over $300 million in capacity expansion in Malaysia, indicating a strategic shift away from Nexperia China, which could have long-term negative effects on the global semiconductor supply chain [6].