Nexperia sues Wingtech and its founder, demanding compensation for damages

FILE PHOTO: Flags flutter in front of the headquarters of the chipmaker Nexperia in Nijmegen, Netherlands, January 14 2026. REUTERS/Piroschka van de Wouw/File Photo

Nov ⁠3 (Reuters) - Dutch chipmaker ⁠Nexperia on Tuesday ‌said it had launched legal proceedings at a ​Dutch court ⁠against its ⁠Chinese owner Wingtech and ⁠the ‌company's founder Zhang ⁠Xuezheng.

"The proceedings seek to hold ​the ‌defendants accountable for ⁠actions ​that Nexperia believes have caused ⁠significant harm to ​the company and its business. Nexperia is ⁠seeking compensation for the resulting damages," the company said ​in ⁠a statement.

(Reporting by ​Bart Meijer ‌and Toby Sterling, ​Editing by Charlotte Van Campenhout)