Dutch court hearing: Nexperia claims Chinese owner Wingtech pushed for tech transfers out of Europe and threatened execs; Wingtech attacks Nexperia's management
Dutch chipmaker Nexperia BV claimed that Chinese owner Wingtech Technology Co. was pushing for technology transfers out of Europe …
Nexperia's former CEO Frans Scheper says Wingtech, which bought the Dutch chipmaker in 2019, quickly plotted to send Nexperia's research and IP to China
New York Times :
Nexperia warns customers face impending production halts and urges its Chinese unit to reengage, says it hadn't got “any meaningful response” despite outreach
Update Naomi Li Gan / Tech in Asia : Nexperia urges Chinese units to restore supply chain operations Sam Meredith / CNBC : What's going on at Nexperia? China's Wingtech escalates war of words with Dut...
China is letting Nexperia export chips again, per officials from several auto companies; shares of Wingtech, Nexperia's Chinese parent company, close up 9.70%
Bloomberg :
The Dutch seizing Nexperia from Wingtech is a landmark moment, showing it made a mistake allowing its sale and how ensnared the EU is in the US-China tech war
Financial Times :
Nexperia says China has banned it from exporting China-made products, as Beijing retaliates after the Dutch government took over the Wingtech-owned chipmaker
861,000 square foot assembly site in Gaungdong affected as trade war spirals Miranda Jeyaretnam / Time : U.S. and China Appear to Escalate Trade War for Leverage in Dealmaking Mark Hallam / Reuters : ...
Wingtech's Shanghai-listed stock plunged 10%, its daily limit, after the Dutch government seized control of Nexperia, which Wingtech acquired in 2018 for $3.6B
Nexperia parent company Wingtech preps response to ‘exceptional’ steps taken to safeguard ‘crucial technological knowledge’ Toby Sterling / Reuters : Dutch government intervenes at Chinese-owned compu...
China's Wingtech, supplier to Apple, Samsung, Xiaomi, and others, plans to sell its contract manufacturing business to Luxshare after being sanctioned by the US
Iris Deng / South China Morning Post :
The UK blocks the sale of Newport Wafer Fab to Nexperia, owned by China's Wingtech, on national security grounds and orders Nexperia to divest 86% of Newport
Financial Times :
Sources: US lobbied against Newport Wafer Fab acquisition by Dutch subsidiary of China's Wingtech, a deal UK allowed, before launching a national security probe
Wall Street Journal : Tweets: @stuwoo Tweets: Stu Woo / @stuwoo : What does the U.S.-China tech Cold War look like in practice? I talked to people about how a U.S. diplomat is trying to get the U.K. ...