Chinese court freezes $300 million of Nexperia assets in Wingtech case

BEIJING: A Chinese court has frozen up to 2.14 billion yuan ($300 million) of assets held by Dutch chipmaker Nexperia and ‌its equipment arm, ⁠in a ⁠case brought by the firm’s Chinese owner, electronics group Wingtech Technology.

Wingtech was stripped of control of ​Nexperia last year by the Dutch authorities. The dispute has strained relations between China and the Netherlands ​and threatened global supplies of chips used in cars and consumer electronics.