Dutch Government Takes Control of Nexperia | JQJO

The Netherlands took control of Chinese-owned chipmaker Nexperia to secure European supplies, invoking the Goods Availability Act in September after “acute” governance concerns. The move places the firm under temporary external management and freezes asset, business and personnel changes for up to a year; Wingtech chairman Zhang Xuezheng was suspended from Nexperia roles. Daily operations continue, but Wingtech’s shares hit the 10% limit in Shanghai. The government said the automotive sector is exposed. Wingtech called the action excessive and driven by geopolitical bias, insisting it complies with laws. The decision follows Beijing’s tighter rare-earth export controls, risking trade strain.