Nexperia Denies Rumors of China-EU Deal to Resolve Dispute Over Control
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Dutch chipmaker Nexperia Holding BV has denied rumors that China and the EU have reached a deal that would resolve an ongoing dispute over its control, calling the claims “fake.”
“We are aware of this news circulating in media yet can state fairly that this news is fake,” a Nexperia spokesperson told Caixin on Wednesday.
The denial followed social media posts on Tuesday alleging that China and the EU had struck a temporary coordination deal on rare earths and semiconductor supply chains. The posts claimed the agreement would see Nexperia’s ousted Chinese CEO reinstated by Friday and the Dutch government lift restrictions on the company’s core assets by Nov. 13. They also said China would create a “72-hour fast-track approval channel” for scarce auto chips.
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- Nexperia denied rumors of a China-EU deal resolving its governance dispute, calling such claims “fake”; no official agreement exists.
- The dispute arose after Dutch intervention blocked Nexperia's Chinese parent, Wingtech, from control, prompting Chinese retaliation and major supply chain disruptions.
- U.S. export rules triggered the standoff, but as of Oct. 30, the U.S. suspended ownership restrictions for one year, potentially impacting ongoing negotiations.
- Wingtech Technology Co. Ltd.
- Wingtech Technology Co. Ltd. is the Chinese parent company of Dutch chipmaker Nexperia. Wingtech was added to the US Entity List in December 2024, leading to export restrictions on Nexperia due to its reliance on US technologies. A Dutch court suspended its CEO and transferred management of its 99% Nexperia stake, effectively stripping Wingtech of governance rights. China's Ministry of Commerce is advocating for Wingtech's rights in this dispute.
- Nexperia Holding BV
- 安世半导体 (Nexperia Holding BV) is a Dutch chipmaker and a subsidiary of Chinese parent company Wingtech Technology Co. Ltd. It is currently at the center of a geopolitical dispute between China and the Netherlands, stemming from US export rules and resulting in operational freezes and management changes imposed by the Dutch government. Nexperia recently denied "fake" rumors of a deal to resolve the dispute.
- December 2024：
- Wingtech was added to the U.S. Entity List, extending export curbs to Nexperia.
- Late September 2025：
- The U.S. introduced a rule stating that any company majority-owned by an entity on its Entity List would automatically face export restrictions.
- September 30, 2025：
- The Dutch government imposed a one-year operational freeze on Nexperia, prohibiting alterations to assets, intellectual property, or personnel across its global units.
- After September 30, 2025：
- A Dutch court suspended Zhang Xuezheng's position as executive director and transferred management of Wingtech’s 99% stake in Nexperia to an independent trustee.
- October 26, 2025：
- Nexperia halted wafer supplies to its Chinese unit, preventing normal production at Nexperia China.
- October 30, 2025：
- MOFCOM announced that Washington had agreed to suspend the ownership rule for one year.
- November 1, 2025：
- China announced it would grant export exemptions to help Nexperia China resume supplies.
- November 4, 2025：
- Rumors circulated on social media that China and the EU had struck a temporary coordination deal on rare earths and semiconductor supply chains.
- November 5, 2025：
- Nexperia officially denied the deal rumors in a statement to Caixin.
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