Dutch Nexperia probe reignites tensions with Beijing
In October, RCRTech reported on The Hague’s takeover of chipmaker Nexperia — a “landmark moment” because the Dutch government used emergency, national security powers to seize control of a Chinese-owned company based in the Netherlands. Citing security and supply chain risks, the ruling reinforced the Dutch government’s goal to head off European dependency on China. Today, a Dutch court ordered a probe into Nexperia due to “mismanagement and security risks.” The court also upheld a suspension of Nexperia’s Chinese CEO Zhang Xuezheng, who also owns Wingtech. The court cited “doubts about the company’s policies and conduct” after a Nexperia lawyer complained that Wingtech (and Wingtech’s Hong Kong-based holding company Yuching) “subordinated Nexperia’s interests to other interests.” This might boil down to a conflict of interest, but for now, it’s been found that the agreements with the Dutch Ministry of Economic Affairs “were no longer adhered to,” and that the “powers of European managers were restricted and their dismissal was announced.” As a result, the court said the investigation will be used to assess “whether there has been mismanagement at Nexperia and whether definitive measures need to be taken.”
Susana Schwartz
Technology Editor
RCRTech
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