China and Netherlands continue to fight on chip giant Nexperia, now Chinese court freezes $300 million of company’s assets

A Chinese court has frozen up to 2.14 billion yuan, roughly $300 million, in assets belonging to Dutch chipmaker Nexperia and its equipment arm, handing the company’s estranged Chinese owner fresh leverage in a dispute that has now run for close to a year. The order came from the Dongguan Intermediate People’s Court and was disclosed by Wingtech Technology in a stock exchange filing, according to Reuters.

The freeze covers Nexperia’s stakes in four China-based businesses, including its semiconductor operations in China, Wuxi and Shanghai, plus the wholly owned Wuxi unit of its equipment arm.