Dutch Government Takes Control of Chinese-Owned Nexperia Company
Nexperia announced on Tuesday, October 14, 2025, that CEO Zhang Xuezheng have been suspended as Executive director and will no longer act as CEO of the company, as ruled by the Enterprise Chamber of the Amsterdam Court of Appeal. In addition, all voting rights on the shares in Nexperia held by Wingtech Technology Co., Ltd. have been transferred to an independent administrator. As a result, the Dutch government has taken control of Nexperia. Nexperia is a Chinese-owned semiconductor manufacturing company based in Netherlands. It was acquired by Wingtech Technology on October 25, 2018 for $3.63 billion. This decision follows the Dutch Ministry of Economic Affairs invoking the Goods availability act on Nexperia on Tuesday, September 30, 2025, due to governance shortcomings that was considered a risk to Dutch and European economic security. This measures was taken to prevent a situation where goods produced by Nexperia will become unavailable. To fill the leadership gap, the Chief Fina...