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China court freezes US$318M in Nexperia assets amid Wingtech custody battle
South China Morning PostLO·CN · NL·about 20 hours ago
A Chinese court has frozen over $300 million in assets of Dutch chipmaker Nexperia, including stakes in four Chinese subsidiaries, until August 2029, amid a dispute with Wingtech. The freeze signals escalating legal tensions in the semiconductor sector, potentially affecting Nexperia's operations in China. The underlying dispute's specifics remain unclear, but the long duration suggests a significant legal battle.
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