Wingtech sues Dutch unit Nexperia for US$1.17b as battle for control escalates

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China’s Wingtech Technology has filed a lawsuit against Dutch chipmaker Nexperia and three of its executives under China’s anti-foreign sanctions law, as the Chinese company remains embroiled in a power struggle for control of its Dutch subsidiary.In an investor statement on Friday, the Shenzhen-based company said it has sued in a Guangdong court, demanding the restoration of full control over Nexperia and 8 billion yuan (US$1.17 billion) in compensation.In September 2025 the Dutch government...