Nexperia’s Dutch Takeover Threatens Wingtech’s Chip Business Amid US-China Tensions
China's Wingtech warned of potential profit declines in 2026 after the Dutch government seized control of its Nexperia semiconductor subsidiary. The forced takeover, executed under US pressure, creates operational uncertainty for a critical automotive chip supplier serving Volkswagen and other manufacturers.
Despite reporting a 12.2% year-on-year revenue increase in Q3, Wingtech acknowledged the impossibility of predicting future growth while geopolitical conflicts persist. The Jiaxing-based company now faces compounded challenges after being added to the US Entity List in 2024, which already restricted its access to American technology.
The Netherlands' September intervention followed Washington's ultimatum demanding Nexperia replace its Chinese CEO to avoid sanctions. This escalation reflects growing Western resistance to Chinese influence in strategic semiconductor supply chains.
