{ "story_id": "40a563f9c0cafc3ad2d6b369d401401c", "desk": "drm3", "revision": 1, "published_at": "2026-09-01T11:57:20.000Z", "content_hash": "8130eb87c34a712fa339400fa79a2e3c6e3b8377052adc05663439942e21f6e5", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "Chinese Court Freezes $300M Nexperia Assets in Wingtech Dispute", "dek": "A Chinese court froze $300 million in Nexperia assets as Wingtech Technology pursues control of the chipmaker.", "prose": "A Chinese court ordered the freezing of 2.14 billion yuan, equivalent to $300 million, in assets of Nexperia and its equipment subsidiary. [^1]\n\nWingtech Technology, in a filing to the Shanghai Stock Exchange, said a court in Dongguan, China, froze 2.14 billion yuan (roughly $318 million) in assets held by Dutch chipmaker Nexperia and its equipment arm ITEC. [^2]\n\nThe Dongguan Intermediate People's Court issued the freeze order in a lawsuit filed by Wingtech Technology, the Chinese owner of Nexperia. [^3]\n\nWingtech Technology and its subsidiary sued Nexperia, its equipment division, the parent company, and three executives in May alleging discriminatory restrictions and claiming 8 billion yuan in damages. [^4]\n\nNexperia said the asset-freeze measures relate solely to entities in China operating outside Nexperia BV's governance structures and do not affect its day-to-day operations, management, or business continuity. [^5]\n\nThe Dongguan Intermediate People's Court civil ruling, which Wingtech said it received on 2026-08-28, freezes Nexperia B.V.'s 100% stakes in Nexperia Semiconductor (China), Nexperia Semiconductor (Wuxi), and Nexperia Semiconductor (Shanghai), its 99% holding in Nexperia Semiconductor Technology (Shanghai), and ITEC B.V.'s full stake in ITEC Technology (Wuxi). [^6]\n\nWingtech reported 1.51 billion yuan in H1 2026 sales, down more than 90% year-over-year, and a 406 million yuan net loss, with the total value of the frozen assets exceeding its entire first-half revenue. [^7]\n\nThe court order became effective between August 20 and August 25 and will remain in force until August 2029. 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