A Chinese court has frozen EUR 274 million in assets tied to Dutch chipmaker Nexperia, marking a fresh escalation in the ownership battle between the company and its Chinese parent, Wingtech Technology. The Dongguan Intermediate People’s Court ordered the freeze of roughly 2.14 billion yuan in holdings belonging to Nexperia and its equipment unit, ITEC, according to a filing Wingtech submitted to the Shanghai Stock Exchange. The order runs until August 2029 and gives Wingtech new leverage in its year-long effort to reclaim control of Nexperia, which Dutch authorities took over in 2025.
What the court order covers
Wingtech said it received the civil ruling on August 28. The freeze applies to Nexperia B.V.’s full ownership of three Chinese subsidiaries: Nexperia Semiconductor (China), Nexperia Semiconductor (Wuxi), and Nexperia Semiconductor (Shanghai). It also covers a 99% stake in Nexperia Semiconductor Technology (Shanghai), along with ITEC B.V.’s complete holding in ITEC Technology (Wuxi).
The order blocks any sale, transfer, or restructuring of that equity for three years. As a result, any settlement of the broader ownership dispute that would divide Nexperia’s China assets cannot be finalized before August 2029, unless the Dongguan court first lifts the freeze.
These five entities are the same Chinese operations that stopped following directions from Nexperia’s Nijmegen headquarters in October of last year. At the time, Nexperia accused them of refusing to pay for delivered wafers and opening unauthorized bank accounts. Nexperia says it currently has no control over those businesses.
The lawsuit behind the freeze
The freeze stems from an 8 billion yuan (roughly EUR 1 billion) damages claim that Wingtech filed in May against Nexperia, its holding company, ITEC, and three executives. That case has not yet gone to trial. The named executives are chief legal officer Ruben Lichtenberg, chief operating officer Achim Kempe, and Stefan Tilger, the CFO who has served as interim chief executive since a Dutch court suspended founder Zhang Xuezheng last October.
Wingtech’s complaint alleges that the three executives implemented or helped enforce discriminatory restrictive measures introduced by the Netherlands. The Dutch government briefly seized control of Nexperia before suspending its intervention last November.
Financial pressure on Wingtech
The value of the frozen assets exceeds Wingtech’s entire first-half revenue. The company reported 1.51 billion yuan in first-half 2026 sales, a decline of more than 90% year over year, along with a 406 million yuan net loss. Its shares carry Shanghai’s *ST delisting-risk label after auditor RSM was unable to verify 57% of its assets, most of which sit inside Nexperia entities that Wingtech cannot access.
Nexperia China, meanwhile, has been qualifying domestic wafer suppliers and producing chips on 12-inch wafers. In a statement, Nexperia said the measures relate “solely to entities in China that have been oper
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Image: tomshardware.com
