Chinese Wingtech sues Dutch unit Nexperia for US$1.17b under anti-sanctions law (scmp.com)

• Wingtech sues Nexperia for US$1.17b under China's Anti-Foreign Sanctions Law
• Dutch government order to strip control of Nexperia from Wingtech suspended but restrictions remain
• Wingtech faces delisting from Shanghai Stock Exchange by end of 2026
• Wingtech Q1 2026 revenue down 94%, net loss of 189 million yuan
• Both Beijing and The Hague favor company-to-company resolution without state interference

"Chinese chipmaker Wingtech has sued its Dutch subsidiary Nexperia and three executives in a Guangdong court, seeking full control and 8 billion yuan (US$1.17 billion) in compensation under China's Anti-Foreign Sanctions Law. Wingtech accuses Nexperia of imposing discriminatory restrictions following a Dutch government order to strip Wingtech of control in September 2025, later suspended but still partially in effect. Wingtech faces delisting from the Shanghai Stock Exchange by end of 2026 if the dispute persists. The company reported a 94% revenue drop in Q1 2026 and a net loss of 189 million yuan, after losing consolidation of offshore operations."