Wingtech vs Dutch Government: Battle for Nexperia Control

Wingtech, a Chinese company, is challenging the Dutch governments control over its Dutch chipmaker, Nexperia, following a court ruling that stripped Wingtech of its authority. The situation has escalated into a legal battle, with Wingtech refusing to accept the courts decision and Beijing pushing for a complete reversal. Meanwhile, China has eased some export controls on Nexperia chips, offering relief to global car manufacturers, but supply chains remain disrupted until the dispute is resolved.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.