BEIJING, April 29 (Reuters) – Wingtech Technology said on Wednesday that its net loss widened to 8.7 billion yuan ($1.3 billion) in 2025 from a 2.8-billion-yuan loss a year earlier, as a dispute over control of Nexperia weighed on the company’s performance.
• Wingtech’s control over Nexperia’s relevant overseas entities remains restricted, it said in a filing to the Shanghai Stock Exchange.
• Those entities are not following Wingtech’s order to conduct business and have suspended wafer supplies to Nexperia China’s relevant departments, disrupting the continuity of the company’s manufacturing operations, it said.
• The dispute began when the Dutch government took control of Netherlands-based Nexperia from its Chinese parent Wingtech in September, citing governance issues.
• Wingtech said it is pursuing legal remedies to protect its rights while in the meantime stepping up development of its domestic supply chain to ensure supply to customers in China and globally.
• “Nexperia China is working with Chinese partners to actively establish and integrate its transistor product lines,” the filing said.
• Nexperia China has completed small-scale trial production of some 12-inch wafer products that meet its automotive-grade standards and expects capacity to be released gradually in the second half of 2026.
• The Chinese company reported a net loss of 189.3 million yuan in the first quarter of this year, versus a 261.4 million yuan net profit in the same period in 2025.
($1 = 6.8380 Chinese yuan renminbi)
(Reporting by Beijing Newsroom)
Comments