Dutch court orders Nexperia probe, keeps interim controls in place

Core Viewpoint - A Dutch court has mandated an investigation into alleged mismanagement at Nexperia, maintaining interim measures that suspend its director and shift control of most shares to an administrator, which has drawn criticism from its Chinese parent, Wingtech [1]. Group 1: Court Rulings and Measures - The court confirmed that measures introduced in October 2025 will remain in place, including the suspension of the director, appointment of a temporary director, and transfer of all but one of Nexperia's shares to an administrator [2]. - The interim arrangements aim to restore stability, mend internal relations, and secure production and deliveries amid ongoing geopolitical obstructions [5]. Group 2: Concerns and Investigations - The Enterprise Chamber cited concerns regarding unaddressed conflicts of interest and indications that strategy had been altered without internal consultation amid looming sanctions [3]. - Divisions have emerged within Nexperia's global organization, disrupting the production chain and triggering multiple financial and legal disputes, jeopardizing customer deliveries [4]. Group 3: Ownership and Voting Rights - Nexperia's shares remain owned by Yuching Holding, but the temporary transfer removes its majority voting rights during the proceedings, retaining one share for attendance at general meetings and access to shareholder information [6].