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Chip Giant Nexperia Faces Supply Chain Chaos
23 Dec
Summary
- Wingtech chairwoman warns of global chip supply chain disruption.
- Nexperia's operations fractured after Dutch court halts CEO.
- Wingtech may seek $8 billion in international arbitration.
Wingtech Technology's chairwoman, Ruby Yang, has intensified pressure on the Dutch government regarding control of chipmaker Nexperia. She warns that failure to reinstate Wingtech's control could lead to extended disruptions in global semiconductor supply chains. Yang asserts that Dutch authorities have violated shareholder rights and a bilateral treaty, causing a critical disconnection between Nexperia's European wafer production and its assembly facilities in Asia.
The current crisis, initiated by a Dutch court's suspension of Wingtech founder Zhang Xuezheng as Nexperia CEO, has halted essential wafer shipments from the Netherlands to China. This division has forced Wingtech's Chinese unit to seek alternative wafer sources while Nexperia expands assembly in Malaysia, moves Yang views as an effort to decouple from China.
Wingtech is contesting the court's decision and has indicated a potential pursuit of international arbitration, valuing its claims at $8 billion if control isn't restored within six months. This dispute also affects a paused wafer fab project in Shanghai. Nexperia has called for dialogue, while rejecting allegations of mismanagement.
