Nexperia puts losses at $2 billion in Wingtech dispute

In a statement on 5 November, Nexperia said its Chinese operation had been operating outside its established corporate governance framework under Wingtech’s control since October 2025, harming its business. It said it had begun proceedings in the Netherlands against Wingtech, Nexperia China and Wingtech founder Zhang Xuezheng, also known as Wing Zhang.

Wingtech had previously disclosed the $2 billion figure. Nexperia had confirmed the legal action to Reuters on 3 November but had not then specified an amount.

In a stock exchange announcement dated 4 November, Wingtech said Nexperia was seeking $2 billion jointly from four defendants, including Nexperia Shanghai, plus statutory interest from 1 October 2025. It said all four rejected the allegations, the claimed connection to losses and the amount sought.

Nexperia said multiple cases involving the companies were continuing in Dutch and Chinese courts. The dispute follows a Dutch government intervention in 2025 and a temporary Chinese export ban that contributed to chip shortages for carmakers. Both governments later reversed their measures, but a Dutch court removed Wingtech’s control over Nexperia.

Wingtech said that, as of 4 November, it had not been formally served with a summons and the Amsterdam court had not formally registered the damages case. It said it would defend itself if those steps were completed.