Dutch chipmaker Nexperia has said that its employees in China still have access to company platforms and are receiving normal salaries, directly contradicting claims made by its China unit a day earlier. The company stated that any assertions about unpaid salaries are “factually incorrect and misleading.”“We are aware of a message circulated by individuals at…
The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response,…
In a move that could dent China’s relations with the European Union, Chinese technology company Wingtech said control of its Dutch subsidiary Nexperia has been effectively frozen, following an intervention by a government ministry and court in the Netherlands. In a corporate filing dated October 13, lodged with the Shanghai Stock Exchange on Sunday, Wingtech…