Wingtech Files $1.2 Billion Damages Claim Against Nexperia

China's Wingtech Technology Seeks 8 Billion Yuan in Compensation from Nexperia

China's Wingtech Technology has filed a lawsuit against Nexperia B.V. and five other entities, claiming that the Dutch chipmaker's control remains restricted. The lawsuit, which was accepted by a court in the southern Chinese province of Guangdong, provisionally seeks 8 billion yuan ($1.18 billion) in compensation for economic losses.

Wingtech owns Nexperia and the latest lawsuit could re-escalate a conflict that has been largely frozen since late last year. In exchange for the Netherlands suspending its decision to seize control of Nexperia from Wingtech, China agreed to pare back export controls of Nexperia chips. The dispute with Nexperia broke out last September when the Dutch government seized control of the Netherlands-based company, citing fears the firm was transferring operations and intellectual property to China. The Dutch government later revoked the move.

Wingtech reported that its net loss widened to 8.7 billion yuan in 2025 from a 2.8-billion-yuan loss a year earlier. The dispute over control of Nexperia weighed heavily on the company's performance. In January this year, Wingtech sought international arbitration in pursuit of damages of up to $8 billion.

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According to Wingtech's latest lawsuit, under China's anti-foreign sanctions law, which Beijing has recently enforced more strictly, Wingtech Technology and Yucheng Holdings are entitled to demand compensation for losses. The lawsuit claims that Nexperia's actions have caused the plaintiffs irreparable and enormous losses.

Nexperia has responded to the latest lawsuit, stating that it understands the court has not opened the case for trial. The company regrets that Wingtech appears not to be interested in reaching a solution that would be beneficial to all stakeholders, including Wingtech's shareholders. Nexperia continues to urge Wingtech to engage in an open dialogue.