Nexperia sues Wingtech and its founder, demanding compensation for damages

FILE PHOTO: Flags flutter in front of the headquarters of the chipmaker Nexperia in Nijmegen, Netherlands, January 14 2026. REUTERS/Piroschka van de Wouw/File Photo

03 Nov 2026 09:22PM

Nov 3 : Dutch chipmaker Nexperia on Tuesday said it had launched legal proceedings at a Dutch court against its Chinese owner Wingtech and the company's founder Zhang Xuezheng.

"The proceedings seek to hold the defendants accountable for actions that Nexperia believes have caused significant harm to the company and its business. Nexperia is seeking compensation for the resulting damages," the company said in a statement.

Source: Reuters

Source: CNA

At a glance

Topic
Business
Country
🇸🇬 SG
Publisher language
EN
Added to Allnira