Amsterdam: Lawyers for Dutch chipmaker Nexperia and Chinese owner Wingtech fought for control of Nexperia in an Amsterdam court on Wednesday in a dispute that has led to a shortage of chips used by carmakers.
At stake is whether the court will order a full investigation into allegations of mismanagement under Nexperia’s previous CEO, Wingtech founder Zhang Xuezheng, and whether the Chinese company’s control over Nexperia should be restored. Nexperia’s ability to operate has been hamstrung by the dispute, with the company’s European production arm and its Chinese packaging and distribution unit unable to cooperate.
