Chinese Court Freezes Nexperia Assets Totaling $318 Million

By Sherry Qin

A Chinese court froze Nexperia's assets totaling $318.2 million, after the Dutch government seized control of the chip maker from its Chinese parent company last year amid a geopolitical dispute.

A court in southern China's Guangdong Province ordered the seizure and freezing of 2.14 billion yuan worth of assets held by Nexperia B.V. and ITEC B.V. in China, after parent company Wingtech and its unit sought property preservation, Wingtech said Monday.

The assets, which were frozen between Aug. 20 and Aug. 25, will remain frozen until August 2029, Wingtech said.

Wingtech sued Netherlands-based Nexperia and related parties in China in May seeking at least 8 billion yuan, alleging that they unlawfully implemented or assisted in enforcing "discriminatory restrictive measures" imposed by the Dutch government, creating substantial financial losses.

The case hasn't been heard in court yet. "Given the uncertainty regarding the outcome of the litigation, the impact of the matters described herein on the company's financial position, current-period profits and future profits remains uncertain," Wingtech said.

The Nexperia saga started late last year, when the Dutch government gave itself the power to block or reverse decisions at Nexperia to prevent the loss of "technological knowledge and capabilities" necessary for Europe's economic security.

Nexperia, which was spun off from Dutch semiconductor giant NXP, produces basic transistors and chips used in products such as cars and consumer electronics.

Beijing swiftly responded with export restrictions on Nexperia's Chinese-made products, before easing restrictions after a meeting between President Trump and Chinese leader Xi Jinping.

Wingtech's Shanghai-listed shares ended 3.1% lower at 18.53 yuan on Tuesday.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

September 01, 2026 07:10 ET (11:10 GMT)