The Dutch government's decision to take control of the Chinese-owned Dutch chip manufacturer Nexperia wasn't just to prevent technology from being transferred overseas, but also based on serious financial concerns over the CEO attempting to bail out his other company with Nexperia funds, according to the Dutch newspaper NRC.
New court records published by the paper allegedly show that Chinese executive and founder of Nexperia's parent company, Wingtech, Zhang Xuezheng, forced Nexperia to place an order with his privately owned chip factory, WingSkySemi in Shanghai, worth over $200 million. That, despite it actually requiring less than $100 million worth for its own production needs.
