TECH

Luxshare-Wingtech Deal Unravels Amid Legal Wrangling Over Indian Sites

Published: Jan. 14, 2026 3:17 a.m. GMT+8

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Luxshare said Tuesday that it is seeking to terminate the purchase of assets from Wingtech’s Indian unit. Photo: VCG

Luxshare Precision Industry Co. Ltd., a key supplier to Apple Inc., has initiated arbitration proceedings to unwind its acquisition of Indian manufacturing facilities from Wingtech Technology Co. Ltd., citing a government seizure of the properties that has made transferring ownership impossible.

The deal’s unraveling deepens the turmoil facing Wingtech, which is already grappling with U.S. trade restrictions and an escalating legal fight over control of its Dutch chip unit, Nexperia.

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Explore the story in 30 seconds

Luxshare seeks to unwind its acquisition of Wingtech's Indian factories after government seizure blocked asset transfer, demanding return of $22 million.
The dispute intensifies Wingtech's challenges post-U.S. sanctions, with incomplete asset transfers and counterclaims over pending payments.
Wingtech's future is uncertain as the Dutch government freezes its chip unit Nexperia; company shares dropped 3.5% (Wingtech) and 1.5% (Luxshare).

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Who’s Who

Luxshare Precision Industry Co. Ltd.: Luxshare Precision Industry Co. Ltd. (立讯精密工业股份有限公司) is a key Apple Inc. supplier. The company is currently engaged in arbitration to reverse its acquisition of Indian manufacturing facilities from Wingtech Technology Co. Ltd. Luxshare is seeking the return of $22 million, citing an inability to transfer ownership due to government seizure of the properties.

Wingtech Technology Co. Ltd.: Wingtech Technology Co. Ltd. (闻泰科技股份有限公司) is a Chinese technology company facing significant challenges. It's grappling with U.S. trade restrictions, which led to its inclusion on the Entity List and the divestment of its manufacturing operations. Wingtech is also involved in an escalating legal dispute concerning its Dutch chip unit, Nexperia, where it has lost effective control.

Nexperia: Nexperia is a Dutch chip unit owned by Wingtech Technology. Its future is uncertain due to ongoing turmoil faced by Wingtech, including U.S. trade restrictions and a legal fight over its control. The Dutch government froze changes to Nexperia's assets and leadership for a year in September 2025.

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What Happened When

December 2024：: Wingtech was added to the U.S. Commerce Department's Entity List, prompting its divestiture of product integration and contract manufacturing operations.

End of 2024：: Book value of Wingtech's Indian unit stood at 311 million yuan.

June 2025：: Wingtech and Luxshare signed the specific deal for transfer of Indian manufacturing facilities.

September 2025：: Dutch government ordered a freeze on changes to Nexperia’s assets and leadership for one year.

December 10, 2025：: Wingtech issued a statement acknowledging incomplete final land transfer procedures and pending payment.

December 16, 2025：: Luxshare moved to terminate the Indian asset deal, formally causing the deal to fall apart.

January 9, 2026：: Luxshare filed arbitration with the Singapore International Arbitration Centre and disclosed the legal restrictions blocking the asset transfer; Wingtech responded the same day by rejecting the claim and stating intent to counterclaim.