Dutch chipmaker Nexperia claimed that Chinese owner Wingtech Technology Co. was pushing for technology transfers out of Europe and threatening executives in a highly charged court hearing Wednesday that laid bare how deep and personal a dispute over control has become.
In its bid to regain shareholding rights, Wingtech pushed back by attacking Nexperia¡¯s European management, claiming that the company was performing well before the court¡¯s intervention. It refuted claims that Nexperia was being ¡°emptied out¡± and said the developments raise major questions about its ¡°unequal treatment¡± as a Chinese investor.
After ordering Wingtech¡¯s shares to be put under control of independent trustees in October, the Amsterdam Enterprise Chamber is weighing whether to open an investigation into how the chipmaker was managed by Wingtech¡¯s founder, Zhang Xuezheng, who was suspended as Nexperia¡¯s chief executive officer by the court.
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