Wingtech Appeals for Government Support Following Dutch Action on Nexperia Unit

The Dutch government intervened at Nexperia, citing concerns over technology transfer to Wingtech, prompting the Chinese company to seek government support to protect its rights.

• On October 13, 2023, Wingtech announced plans to protect its rights following the Dutch governments intervention at its subsidiary Nexperia, based in the Netherlands.
• The Dutch government expressed concerns that Nexperia, which produces semiconductors for automotive and consumer electronics, might transfer vital technology to its Chinese parent company Wingtech.
• This intervention signifies rising tensions over technology transfers between China and Western nations, particularly in the critical semiconductor industry, which is vital for global supply chains.