Wingtech Technology has sued its Dutch subsidiary Nexperia and three executives for US$1.17 billion under China's anti-foreign sanctions law, intensifying their control dispute.
The lawsuit was filed in a Guangdong court
May 24, 2026
04:03 pm
What's the storyChina's Wingtech Technology has filed a lawsuit against chipmaker Nexperia and five other entities, seeking CNY 8 billion ($1.2 billion) in compensation for economic losses.
The lawsuit was filed in a Guangdong court and comes amid an ongoing power struggle over the control of its Dutch subsidiary, Nexperia.
Wingtech sues Dutch unit Nexperia for US$1.17b amid delisting risk
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