The post Nexperia denied claims from its China unit that it blocked wafer supplies or froze funding appeared on BitcoinEthereumNews.com. Nexperia said on Friday it’s not to blame for any stalled production in China, firmly rejecting accusations from its Chinese division that it’s been choking wafer supplies and leaving operations without funding. The Dutch chipmaker said its China unit has plenty of wafers and finished chips to keep going “for several months,” and suggested poor inventory handling by the local team might be the real problem. The harsh pushback came after it got leaked on social media that Nexperia China told its own employees earlier that day that Dutch management was “blocking the supplies,” “not allocating funds,” and giving “no support” to keep the lights on. Wingtech’s ousted CEO at center of widening rift The company, based in Nijmegen, Netherlands, is owned by China’s Wingtech Technology, and it builds power chips used by big-name carmakers like BMW and Volkswagen. But things took a turn in September, when the Dutch government stepped in to take control of key decisions at Nexperia, citing security concerns. That move triggered retaliation from Beijing, which clamped down on exports of Nexperia’s products. Car manufacturing across Europe was thrown into chaos almost immediately. The tension didn’t stop there. Dutch authorities had acted on claims that Zhang Xuezheng, Wingtech’s founder and then CEO of Nexperia, was stripping company assets to boost his other businesses. They believed he was risking the stability of Europe’s chip supply, and a Dutch court suspended him in October after Nexperia’s European management filed a petition. Wingtech denies the claims and has been pressuring hard for Zhang to be reinstated. On Friday, Nexperia tried to downplay the tension, but made clear it still doesn’t trust how things are being run on the ground in China. “Any claims to the contrary lead to serious doubt over stock management practices by local management,” it said.… The post Nexperia denied claims from its China unit that it blocked wafer supplies or froze funding appeared on BitcoinEthereumNews.com. Nexperia said on Friday it’s not to blame for any stalled production in China, firmly rejecting accusations from its Chinese division that it’s been choking wafer supplies and leaving operations without funding. The Dutch chipmaker said its China unit has plenty of wafers and finished chips to keep going “for several months,” and suggested poor inventory handling by the local team might be the real problem. The harsh pushback came after it got leaked on social media that Nexperia China told its own employees earlier that day that Dutch management was “blocking the supplies,” “not allocating funds,” and giving “no support” to keep the lights on. Wingtech’s ousted CEO at center of widening rift The company, based in Nijmegen, Netherlands, is owned by China’s Wingtech Technology, and it builds power chips used by big-name carmakers like BMW and Volkswagen. But things took a turn in September, when the Dutch government stepped in to take control of key decisions at Nexperia, citing security concerns. That move triggered retaliation from Beijing, which clamped down on exports of Nexperia’s products. Car manufacturing across Europe was thrown into chaos almost immediately. The tension didn’t stop there. Dutch authorities had acted on claims that Zhang Xuezheng, Wingtech’s founder and then CEO of Nexperia, was stripping company assets to boost his other businesses. They believed he was risking the stability of Europe’s chip supply, and a Dutch court suspended him in October after Nexperia’s European management filed a petition. Wingtech denies the claims and has been pressuring hard for Zhang to be reinstated. On Friday, Nexperia tried to downplay the tension, but made clear it still doesn’t trust how things are being run on the ground in China. “Any claims to the contrary lead to serious doubt over stock management practices by local management,” it said.…

Nexperia denied claims from its China unit that it blocked wafer supplies or froze funding

Nexperia said on Friday it’s not to blame for any stalled production in China, firmly rejecting accusations from its Chinese division that it’s been choking wafer supplies and leaving operations without funding.

The Dutch chipmaker said its China unit has plenty of wafers and finished chips to keep going “for several months,” and suggested poor inventory handling by the local team might be the real problem.

The harsh pushback came after it got leaked on social media that Nexperia China told its own employees earlier that day that Dutch management was “blocking the supplies,” “not allocating funds,” and giving “no support” to keep the lights on.

Wingtech’s ousted CEO at center of widening rift

The company, based in Nijmegen, Netherlands, is owned by China’s Wingtech Technology, and it builds power chips used by big-name carmakers like BMW and Volkswagen.

But things took a turn in September, when the Dutch government stepped in to take control of key decisions at Nexperia, citing security concerns. That move triggered retaliation from Beijing, which clamped down on exports of Nexperia’s products. Car manufacturing across Europe was thrown into chaos almost immediately.

The tension didn’t stop there. Dutch authorities had acted on claims that Zhang Xuezheng, Wingtech’s founder and then CEO of Nexperia, was stripping company assets to boost his other businesses.

They believed he was risking the stability of Europe’s chip supply, and a Dutch court suspended him in October after Nexperia’s European management filed a petition. Wingtech denies the claims and has been pressuring hard for Zhang to be reinstated.

On Friday, Nexperia tried to downplay the tension, but made clear it still doesn’t trust how things are being run on the ground in China. “Any claims to the contrary lead to serious doubt over stock management practices by local management,” it said.

China, meanwhile, has slowly started to allow some exports from Nexperia’s China factory, one of the largest chip sites in the world.

But it’s happening only under exemptions, not a full rollback of export restrictions. Nexperia confirmed that on Friday, saying this wasn’t a “full restoration of the supply chain.”

China lashes out over Dutch minister’s comments

In a separate blow to already-fragile diplomacy, China’s Ministry of Commerce snapped back at the Dutch Economic Affairs Minister Vincent Karremans on Friday for calling the government seizure of Nexperia the “right decision.”

In a recent interview with The Guardian, Karremans said, “I would have done the same thing again,” referring to the Dutch state asserting control over the Chinese-owned firm.

A Chinese spokesperson said Beijing was “extremely disappointed” and described the remarks as “misleading, distorted and willful.” The ministry added that the Dutch move had thrown “a once-stable global chip supply chain into chaos.”

As diplomatic jabs fly, Nexperia is pushing forward with what it calls “workaround solutions.” The company said it’s been selling and shipping wafers directly to customers to sidestep the supply logjam. “We are committed to maintaining these workaround solutions for as long as necessary,” the company said.

At the same time, Nexperia is preparing a long game. It said it’s working to expand capacity at other locations, with new phases rolling out across 2026. That could ease dependence on the China flow, but not anytime soon.

A Dutch delegation is expected in Beijing early next week. The plan? To try and hash out a “mutually agreeable” solution to this entire standoff. Whether anyone budges remains to be seen.

The smartest crypto minds already read our newsletter. Want in? Join them.

Source: https://www.cryptopolitan.com/nexperia-denies-china-production-meddling/

Market Opportunity
Notcoin Logo
Notcoin Price(NOT)
$0.0006276
$0.0006276$0.0006276
-0.72%
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

EUR/CHF slides as Euro struggles post-inflation data

EUR/CHF slides as Euro struggles post-inflation data

The post EUR/CHF slides as Euro struggles post-inflation data appeared on BitcoinEthereumNews.com. EUR/CHF weakens for a second straight session as the euro struggles to recover post-Eurozone inflation data. Eurozone core inflation steady at 2.3%, headline CPI eases to 2.0% in August. SNB maintains a flexible policy outlook ahead of its September 25 decision, with no immediate need for easing. The Euro (EUR) trades under pressure against the Swiss Franc (CHF) on Wednesday, with EUR/CHF extending losses for the second straight session as the common currency struggles to gain traction following Eurozone inflation data. At the time of writing, the cross is trading around 0.9320 during the American session. The latest inflation data from Eurostat showed that Eurozone price growth remained broadly stable in August, reinforcing the European Central Bank’s (ECB) cautious stance on monetary policy. The Core Harmonized Index of Consumer Prices (HICP), which excludes volatile items such as food and energy, rose 2.3% YoY, in line with both forecasts and the previous month’s reading. On a monthly basis, core inflation increased by 0.3%, unchanged from July, highlighting persistent underlying price pressures in the bloc. Meanwhile, headline inflation eased to 2.0% YoY in August, down from 2.1% in July and slightly below expectations. On a monthly basis, prices rose just 0.1%, missing forecasts for a 0.2% increase and decelerating from July’s 0.2% rise. The inflation release follows last week’s ECB policy decision, where the central bank kept all three key interest rates unchanged and signaled that policy is likely at its terminal level. While officials acknowledged progress in bringing inflation down, they reiterated a cautious, data-dependent approach going forward, emphasizing the need to maintain restrictive conditions for an extended period to ensure price stability. On the Swiss side, disinflation appears to be deepening. The Producer and Import Price Index dropped 0.6% in August, marking a sharp 1.8% annual decline. Broader inflation remains…
Share
BitcoinEthereumNews2025/09/18 03:08
Zero Knowledge Proof (ZKP) vs DOGE, SHIB, and PEPE: Good Crypto to Buy Now for Structure-Driven Gains

Zero Knowledge Proof (ZKP) vs DOGE, SHIB, and PEPE: Good Crypto to Buy Now for Structure-Driven Gains

In crypto, most gains don’t come when a chart is trending; they come before it. Real returns are usually locked in through smart entry, not loud exit points. That
Share
LiveBitcoinNews2026/01/16 08:00
XRP Could Explode as XRPL Targets Weak Links and Long-Trapped Liquidity

XRP Could Explode as XRPL Targets Weak Links and Long-Trapped Liquidity

The post XRP Could Explode as XRPL Targets Weak Links and Long-Trapped Liquidity appeared on BitcoinEthereumNews.com. XRP optimism is rebounding as long-term builders
Share
BitcoinEthereumNews2026/01/16 08:37