● Covered by 1 source · 1 reportMedium impact1 negative
Chinese court freezes $318M in Nexperia assets amid ownership dispute with Wingtech
Key points
- Dongguan court froze $318M in Nexperia/ITEC assets.
- Assets include equity in five Chinese subsidiaries.
- Freeze lasts until August 2029, preventing sales or transfers.
- Wingtech filed an $1.19B damages claim against Nexperia.
- Nexperia claims no control over affected Chinese operations.
Asset Freeze in China
A court in Dongguan, China, has ordered the freezing of 2.14 billion yuan (approximately $318 million) in assets belonging to Dutch chipmaker Nexperia and its equipment subsidiary, ITEC. This ruling, which Wingtech Technology received on August 28, covers Nexperia's equity in five Chinese subsidiaries and is effective until August 2029.
Impact on Nexperia's Chinese Operations
The frozen assets include Nexperia B.V.'s full stakes in Nexperia Semiconductor (China), Nexperia Semiconductor (Wuxi), and Nexperia Semiconductor (Shanghai), along with a 99% holding in Nexperia Semiconductor Technology (Shanghai). Additionally, ITEC B.V.'s stake in ITEC Technology (Wuxi) is frozen. This order prohibits any sale, transfer, or restructuring of the equity in these entities for three years.
Ongoing Ownership Dispute
This asset freeze is a development in a year-long conflict between Wingtech and Nexperia. Wingtech is seeking to regain control of Nexperia after Dutch authorities intervened in 2025. The underlying legal case involves an 8 billion yuan (approximately $1.19 billion) damages claim filed by Wingtech in May against Nexperia, its holding company, ITEC, and three executives.
Nexperia's Stance
Nexperia has stated that it currently has no control over the Chinese operations affected by the freeze. These are the same entities that Nexperia accused last October of refusing payment for wafers and opening unauthorized bank accounts, ceasing to follow instructions from Nexperia's Nijmegen headquarters.
Wingtech's Financial Context
The value of the frozen assets exceeds Wingtech’s entire first-half revenue, which was 1.51 billion yuan in H1 2026, representing a more than 90% year-over-year decrease. The company also reported a 406 million yuan net loss, and its shares are trading under Shanghai's *ST delisting-risk designation due to auditor concerns.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
A Chinese court in Dongguan has frozen 2.14 billion yuan (approximately $318 million) in assets belonging to Dutch chipmaker Nexperia and its equipment arm, ITEC. This action provides Chinese parent company Wingtech Technology with leverage in its ongoing dispute to regain control of Nexperia, which Dutch authorities intervened in during 2025.