News / Markets & Policy / Wingtech rejects Nexperia restructuring, cites ‘discrimination’ towards Chinese investors
Wingtech rejects Nexperia restructuring, cites ‘discrimination’ towards Chinese investors
By The Semiconductor Hub news desk ·
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Shanghai-listed Wingtech Technology has rejected a restructuring proposal under which it would lose control of Dutch chipmaker Nexperia’s assets outside China, condemning the plan as an “expropriation” driven by discrimination. The stand-off deepens a year-long dispute between Wingtech and Dutch authorities, as the company faces an impending delisting deadline at home, while Dutch Prime Minister Rob Jetten prepares for an official visit to Beijing in the spring. In a statement on Tuesday,...
Read at South China Morning Post - TechSource: South China Morning Post - Tech, published . The summary is the Hub's own; the full story is at the source. Report a rights or accuracy concern
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