A dispute between Dutch chipmaker Nexperia and Chinese owner Wingtech escalates as China and the European Union call for a corporate resolution. Wingtech accuses Nexperia’s head office of insincerity, threatening to disrupt global car supply chains. Speculation arises about splitting Nexperia’s operations between China and the Netherlands.

Shanghai-listed Wingtech demands restoration of control over Nexperia, calling it crucial for the global semiconductor supply chain. Wingtech accuses Nexperia’s head office of attempting to create a “de-China-ised” supply chain. Nexperia’s Dutch head office claims attempts to engage with the China unit have been met with silence.

Nexperia China refutes head office’s accusations, citing the suspension of wafer supplies and access restrictions to IT systems. Despite the dispute, Nexperia China reports supplying 7.4 billion chips to 515 clients globally. The Dutch head office plans to invest $300 million for capacity expansion in Malaysia, aiming to reduce dependence on China.

Wingtech urges Nexperia to present constructive proposals for restoring lawful control. Chinese Commerce Minister Wang Wentao engages with German and EU officials to resolve the dispute. Both sides agree on the need for constructive communication between Nexperia Netherlands and Nexperia China for a long-term solution.

Read more at Yahoo Finance: Tensions flare as Wingtech slams chipmaker Nexperia’s head office over deception