Chinese court freezes $300M Nexperia assets in Wingtech dispute

A Chinese court has frozen over $300 million in assets of Dutch chipmaker Nexperia, including stakes in four Chinese subsidiaries, until August 2029, amid a dispute with Wingtech. The freeze signals escalating legal tensions in the semiconductor sector, potentially affecting Nexperia's operations in China. The underlying dispute's specifics remain unclear, but the long duration suggests a significant legal battle.