Tech Brief (Nov. 17): Robot-Maker Unitree Steps Closer to China IPO
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Nexperia headquarters rachets up feud with China unit with salvo of accusations
Nexperia’s Dutch headquarters has blamed its China unit for any failure to stabilize wafer shipments to customers, hardening its stance in a corporate dispute that has splintered the global semiconductor company. In a strongly-worded statement on Friday, Nexperia Netherlands said it believes Nexperia China has enough wafer and finished product inventory to sustain operations for several months. Any claims of insufficient stock lead to “serious doubt” about the local management’s inventory practices, it said, stressing that “any failure to make shipments is fully the responsibility of Nexperia’s entities in China.” Nexperia Netherlands also accused its Chinese unit of disobeying its instructions, refusing to pay for wafers, misappropriating the company seal and operating with unauthorized bank accounts.
Robot-maker Unitree steps closer to China IPO
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- Nexperia’s Dutch HQ accused its China unit of poor inventory practices and disobedience amid a corporate dispute.
- Unitree Robotics finished IPO pre-listing guidance, positioning for a possible late autumn stock exchange debut in China.
- Three Chinese astronauts safely returned after a debris scare delayed their record 204-day mission; SMIC’s Q3 2025 revenue rose 9.7% to $2.38 billion.
- Nexperia
- Nexperia's Dutch headquarters accuses its China unit of various wrongdoings. They claim Nexperia China has sufficient inventory but is responsible for any shipping failures due to local management's practices. Accusations include disobeying instructions, refusing wafer payments, misusing the company seal, and operating unauthorized bank accounts, highlighting a significant corporate dispute within the semiconductor company.
- Wingtech Technology
- Wingtech Technology, parent company of Dutch chipmaker Nexperia, is involved in a corporate dispute. Nexperia's Dutch headquarters accused its China unit, Nexperia China, of various issues including disobeying instructions, refusing to pay for wafers, and operating with unauthorized bank accounts. The Dutch entity holds Nexperia China responsible for any failures in stabilizing wafer shipments.
- Unitree Robotics
- Unitree Robotics, a Chinese robotics company, is nearing its public listing. The firm has finished its pre-listing tutoring with Citic Securities Co. Ltd., marking a significant step toward a domestic IPO. A listing could occur in late autumn or afterward, following reviews by the stock exchange and the securities regulator.
- Citic Securities Co. Ltd.
- Citic Securities Co. Ltd. is mentioned as the firm conducting the pre-listing tutoring for Chinese robotics company Unitree Robotics. This indicates their involvement in Unitree's journey toward a domestic Initial Public Offering (IPO) in China. They will assess Unitree's listing qualifications.
- Semiconductor Manufacturing International Corp.
- Semiconductor Manufacturing International Corp. (SMIC) reported a 9.7% year-on-year revenue increase to $2.38 billion in Q3 2025. Net profit rose 28.9% to $192 million. This growth was partly driven by mainland Chinese customers accelerating their replacement of overseas supply chains, providing opportunities for SMIC.
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