Dutch Chipmaker Nexperia Denies Reports of Chinese CEO’s Reinstatement
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Nexperia’s Dutch headquarters has denied rumors that Wingtech Technology Co. Ltd. founder Zhang Xuezheng has been reinstated as its CEO, stating that Zhang remains suspended by a court order.
In a statement on Nov. 5, Nexperia Holding BV said any claims to the contrary are untrue. Wingtech Technology did not respond to Caixin's request for comment.
The firm asserted it will continue to fully comply with a Dutch government order that effectively freezes the management control of its Chinese parent company, Wingtech. This follows social media rumors on Nov. 4 that China and the EU had reached a semiconductor supply chain agreement that would see Zhang reinstated and Nexperia’s assets unfrozen.
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- Nexperia’s Dutch HQ denied rumors of Wingtech founder Zhang Xuezheng’s reinstatement as CEO, affirming his suspension under court order.
- Nexperia is complying with a Dutch order freezing Wingtech’s management control and has suspended wafer supplies to Chinese plants due to payment disputes.
- The conflict reflects corporate tensions amid U.S.-China tech rivalry and follows recent adjustments to U.S. export controls on Chinese firms.
- Nexperia Holding BV
- **Nexperia Holding BV** is a global semiconductor firm headquartered in the Netherlands and wholly owned by Chinese company Wingtech Technology Co. Ltd. It currently faces a dispute with its Chinese operations, with allegations of Nexperia China ignoring lawful instructions and failing to pay for wafer supplies. Nexperia Holding BV has denied rumors of its founder's reinstatement as CEO and is complying with a Dutch government order that freezes its parent company's management control.
- Wingtech Technology Co. Ltd.
- Wingtech Technology Co. Ltd. is the Chinese parent company of Nexperia. Its founder, Zhang Xuezheng, is currently suspended as CEO by a Dutch court order. Wingtech Technology's management control has been frozen by a Dutch government order, leading to an ongoing dispute with its subsidiary, Nexperia.
- Oct. 13, 2025：
- Nexperia B.V. states it cannot guarantee IP, technology, authenticity and quality standards for products shipped from its Chinese facility since this date due to lack of transparency.
- Oct. 29, 2025：
- Nexperia confirms its decision to suspend direct wafer supplies to its Chinese plants due to alleged failure by Nexperia China to pay for components.
- Oct. 30, 2025：
- China’s Ministry of Commerce announces the U.S. has agreed to suspend the 50% affiliate rule for one year.
- Nov. 2, 2025：
- Nexperia China announces it is not in breach of contract and claims Nexperia owes it 1 billion yuan.
- Nov. 4, 2025：
- Social media rumors circulate that China and the EU reached a semiconductor supply chain agreement supposedly allowing Zhang Xuezheng to be reinstated and Nexperia’s assets to be unfrozen.
- Nov. 5, 2025：
- Nexperia Holding BV issues a statement denying rumors, affirming Zhang Xuezheng remains suspended by a court order, and commits to comply with a Dutch government order freezing Wingtech's management control.
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