Wingtech Technology, Chinese owner of Nexperia, appoints experienced general counsel Sophie Shen Xinjia as president amid Sino-Dutch dispute over control. Shen, a Columbia Law School graduate, replaced former president Zhang Qiuhong. Shen, 41, has over 15 years of legal counsel experience, specializing in corporate governance and compliance.

Shen’s tenure aligns with Wingtech’s 12th board, expiring January 2028. She joined Nexperia in 2017 and previously worked at TRW and Bosch. Her appointment reflects Wingtech’s need to address issues surrounding Nexperia. Dutch authorities seized control citing national security concerns, prompting US sanctions due to Wingtech ownership.

China’s Ministry of Commerce considers exempting some Nexperia orders from export ban following global supply chain turmoil. Potential resolution emerges as Nexperia may resume sending chips under a framework agreement reached during a meeting between Chinese President Xi Jinping and US counterpart Donald Trump in South Korea.

Read more at Yahoo Finance: Nexperia owner Wingtech names new president amid Sino-Dutch dispute over chipmaker