China's Wingtech voices 'profound disappointment' over Dutch court ruling in Nexperia case

Chipmaker Nexperia's Chinese parent Wingtech said early on Wednesday that it was "profoundly disappointed and strongly dissatisfied" with the latest ruling by a court in the Netherlands.

The company statement, in which it pledged to "exhaust all legal means to restore the company's full control over Nexperia", came in response to the Amsterdam Enterprise Chamber's latest decision to order an investigation into previous allegations of mismanagement at Nexperia.

The Dutch court also upheld its October ruling suspending Nexperia's former CEO, Wingtech founder Zhang Xuezheng.

According to Wingtech, the court ruling damages the interests of more than 25,000 customers as well as the global industrial chain. The company added that it will continue to "resolutely strive for the full restoration of all its legitimate controlling and governance rights over Nexperia through all legal means".

Calling the ruling "self-contradictory and logically flawed", the company also urged the Enterprise Chamber to conduct a full and fair investigation, restore the truth and hold relevant personnel accountable.

"We reaffirm that the only solution to save Nexperia, stabilize the global supply chain and protect the legitimate rights and interests of all stakeholders is to immediately and unconditionally revoke all interim measures and restore Wingtech's legitimate shareholder rights," it said.