A court in Dongguan, China, has frozen 2.14 billion yuan (roughly $318 million) in assets held by Dutch chipmaker Nexperia and its equipment arm, ITEC, according to a filing that Chinese parent company Wingtech Technology submitted to the Shanghai Stock Exchange today. The order covers Nexperia's equity in five Chinese subsidiaries and runs until August 2029, handing Wingtech fresh leverage in its year-long fight to regain control of Nexperia that Dutch authorities stripped from it in 2025.
The Dongguan Intermediate People's Court civil ruling, which Wingtech said it received on August 28, freezes Nexperia B.V.'s 100% stakes in Nexperia Semiconductor (China), Nexperia Semiconductor (Wuxi), and Nexperia Semiconductor (Shanghai), plus its 99% holding in Nexperia Semiconductor Technology (Shanghai). A fifth order covers ITEC B.V.'s full stake in its equipment subsidiary, ITEC Technology (Wuxi). The underlying case, an 8 billion yuan (roughly $1.19 billion) damages claim that Wingtech filed in May against Nexperia, its holding company, ITEC, and three executives, hasn't gone to trial.
