A Chinese court has frozen assets linked to Nexperia, the Dutch-based semiconductor maker owned by China’s Wingtech Technology, escalating a legal and corporate battle with potential implications for the global chip supply chain.
The order reportedly covers about 300 million dollars in Nexperia assets, though the precise scope and duration of the freeze remain unclear.
The dispute centers on Wingtech’s ownership and management of Nexperia, a major supplier of power-management and automotive chips.
Nexperia has operations across Europe, Asia and the United States, making the case relevant to manufacturers that depend on its components.
The asset freeze comes as governments and companies increasingly scrutinize Chinese ownership of semiconductor businesses, particularly those serving strategic industries.
Neither Nexperia nor Wingtech immediately provided detailed public comments on the court action. The proceedings could affect the company’s finances, governance and ability to operate normally while the legal dispute continues.