Business · Companies · 5 hrs ago
Dutch court orders Nexperia owner Wingtech to stop interfering
A Dutch court has ordered Nexperia owner Wingtech to stop interfering in the chipmaker’s operations.
Nexperia is a chipmaker owned by China’s Wingtech.
The measures were imposed at Nexperia’s request and include an order for Wingtech to withdraw its lawsuits in China.
If Wingtech breaks the orders, it could face penalties of up to €300 million.
The dispute has led to a search for other investors in Nexperia.
The available details do not say who those investors might be or when a deal could happen.
A Dutch court imposed additional measures on Nexperia’s Chinese owner, Wingtech.
The measures were imposed at Nexperia’s request.
Wingtech must withdraw lawsuits in China and stop obstructing Nexperia’s operations.
If Wingtech breaches the measures, penalties could total up to €300 million.
- Who
- Wingtech, Nexperia’s Chinese owner.
- What
- A Dutch court ordered Wingtech to withdraw lawsuits in China and stop obstructing Nexperia’s operations.
- When
- Not stated.
- Where
- A Dutch court; the lawsuits Wingtech must withdraw are in China.
- Why
- The measures were imposed at Nexperia’s request.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Company
- Nexperia
- Chinese owner
- Wingtech
- Required action
- Withdraw lawsuits in China and stop obstructing operations
- Maximum penalties
- €300 million