Wingtech Technology announced on Friday that it and a wholly owned subsidiary have initiated legal action against Nexperia B.V. and five associated entities, seeking 8 billion yuan in compensation for economic losses linked to a control dispute.
According to a filing submitted to the Shanghai Stock Exchange, a court in Guangdong province has accepted the complaint. The filing states the monetary claim totals 8 billion yuan, equivalent to about $1.18 billion.
Wingtech, which holds ownership of Nexperia, told investors in the filing that its control of the Netherlands-based chipmaker continues to be restricted. The company noted the dispute traces back to last year when the Dutch government took control of Nexperia from its Chinese parent, Wingtech.
The filing does not provide further detail on the nature of the alleged economic losses or the specific remedies sought beyond the stated compensation amount. It also does not outline a timeline for the court process or indicate how long the restriction on control is expected to persist.
Context and current status
The lawsuit has been officially lodged and accepted by a Guangdong court, as confirmed by the exchange filing. Beyond that confirmation, the filing does not elaborate on procedural steps to follow or potential interim measures. Wingtech reiterates that despite its ownership, its practical control over Nexperia is limited following last year’s government action in the Netherlands.
What is known and what is not
- The parties bringing the suit are Wingtech Technology and a subsidiary.
- The defendants are Nexperia B.V. and five other entities; the filing names no additional defendants in the public summary.
- The claim seeks 8 billion yuan in compensation for economic losses.
- A Guangdong court has accepted the case, according to a Shanghai Stock Exchange filing.
- Wingtech states its control over Nexperia remains restricted after the Dutch government took control of the chipmaker last year.
The filing does not disclose further facts such as detailed causes of the alleged losses, any steps taken by regulators or companies since the government intervention, or expected dates for hearings or judgments.