"According to sources, the Dutch government had no choice but to intervene at Nexperia because the company's CEO was stealing British trade secrets. This is according to NRC. In addition, Zhang Xuezheng wanted to move wafer production to China and discontinue it in Europe. The CEO of Wingtech, the owner of Nexperia, also stole information on MOSFET production from a factory in the United Kingdom."
"The CEO, also known as Wing, is said to have taken these actions because Wingtech was blacklisted by the US government in December 2024. As a result, the company was no longer able to trade with that country. In mid-October, the Dutch government intervened at Nexperia, headquartered in Nijmegen. The CEO was dismissed and, for the first time in Dutch history, the Goods Availability Act was invoked. This ensured that certain goods-in this case, chips produced by Nexperia-and knowledge remain available in Europe."
"Since then, there has been a lot of news surrounding the company, as many companies and governments are involved. For example, the Chinese government has also taken action by imposing an export ban. This applies to products manufactured by Nexperia at its factory in Guangdong, China. The ban caused significant unrest among European manufacturers. Nexperia develops various chips used in cars, among other applications. The automotive industry had already expressed serious concerns about a possible chip shortage."
Dutch authorities intervened at Nexperia, dismissed the CEO, and invoked the Goods Availability Act to keep chips and related knowledge available in Europe. Allegations state the CEO stole British trade secrets and MOSFET production information and passed it to a China-based company while planning to move wafer production to China and cut 40% of the European workforce. Wingtech was blacklisted by the US in December 2024, limiting its trade options. China imposed an export ban on Nexperia-made products from Guangdong, prompting unrest among European manufacturers and raising automotive industry concerns about potential chip shortages.
Read at Techzine Global
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