China Urges Netherlands to Stop Interfering in Corporate Affairs

 

China has urged Netherlands to stop interfering in internal corporate affairs and work toward a constructive solution to the issue of the semiconductor manufacturer Nexperia, an overseas subsidiary of Chinese company Wingtech. The warning came in wake of Dutch government’s September decision to seize control of Nexperia from its Chinese parent Wingtech Technology over economic security concerns and suspend its CEO Zhang Xuezheng. 

 

 

A spokesperson for the Chinese Ministry of Commerce said, China will firmly safeguard the legitimate rights and interests of enterprises, and strive to maintain the stable and smooth operation of the global semiconductor supply chain. The spokesperson said the Dutch enterprise court issued an erroneous ruling stripping the Chinese enterprise of its equity, severely infringing upon the legitimate rights and interests of the Chinese enterprise.