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Chipmaker Nexperia and Chinese owner Wingtech fight for control in Dutch court

Nexperia, a Dutch chipmaker owned by China's Wingtech, is embroiled in a legal battle in an Amsterdam court over allegations of mismanagement by its former CEO. The case, which has significant implications for the global auto industry due to ongoing chip shortages, will determine if a full investigation is warranted and if Wingtech's control should be reinstated.

Chipmaker Nexperia and Chinese owner Wingtech fight for control in Dutch court

Credit: Yahoo

Key Highlights

  • Nexperia is facing a court dispute over alleged mismanagement under its former CEO.
  • The case has caused disruptions in chip supply, impacting the global auto industry.
  • The Dutch government temporarily took control of Nexperia due to governance issues.
  • The hearing took place at the Amsterdam Court of Appeal's enterprise chamber.
  • The outcome could restore Wingtech's control over Nexperia.
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Sources

  1. Dutch court hears arguments in Nexperia mismanagement case that upset the global auto industry
  2. Chipmaker Nexperia and Chinese owner Wingtech fight for control in Dutch court

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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