Chinese court freezes $318 million in Nexperia assets as Wingtech presses to regain control — Dutch chipmaker says seizures won't affect day-to-day operations
The total value of the frozen assets exceeds Wingtech’s entire first-half revenue, with the company reporting 1.51 billion yuan in H1 2026 sales, down more than 90% year over year.
A Chinese court has frozen 318 million US dollars worth of assets belonging to Dutch chipmaker Nexperia and its subsidiary ITEC, according to a report submitted by Wingtech Technology, Nexperia's parent company, to the Shanghai Stock Exchange. The court order, which is valid until August 2029, covers Nexperia's equity in five Chinese subsidiaries and prevents any sale, transfer, or restructuring of their equity for the next three years.
Wingtech filed the claim in May, alleging that the three executives and the companies had implemented discriminatory measures imposed by the Netherlands. The total value of the frozen assets is more than Wingtech's first-half revenue of 1.51 billion yuan in 2026, which also resulted in a net loss of 406 million yuan. Nexperia's shares are currently at risk of delisting from Shanghai's stock exchange due to the inability of auditors to verify 57% of its assets.
Nexperia has stated that the measures only affect Chinese entities operating outside Nexperia's governance structures and do not impact its day-to-day operations, management, or business continuity.
Written by urgent.news from Tom's Hardware's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
