[ccpw id="5"]

Home.forex news reportNexperia's Chinese owner Wingtech says it is selecting local wafer suppliers, Caixin...

Nexperia’s Chinese owner Wingtech says it is selecting local wafer suppliers, Caixin reports

-


SHANGHAI, Jan 9 (Reuters) – The Chinese unit of Netherlands-based Nexperia is selecting local firms to supply it with silicon ​wafers and is expanding domestic packaging capacity, Nexperia’s Chinese owner ‌Wingtech Technology told financial magazine Caixin.

In an interview published on Friday, which China’s Caixin ‌said was conducted in late December, Wingtech’s chairwoman Ruby Yang Mu said that the company expected most of the selection process to be completed in the first quarter.

Reuters reported in December that the unit ⁠had locked in supplies ‌of Chinese-made silicon wafers to cover its entire 2026 production for one type of power chip after ‍Nexperia Netherlands stopped supplying the raw material in a corporate dispute.

The Dutch government took control of Nexperia from Wingtech in September, citing governance issues, before ​suspending supplies of wafers to the Chinese unit the next ‌month. Beijing responded by halting exports of Nexperia’s finished products, triggering chip shortages for global automakers.

Securing local suppliers could allow the Chinese unit to continue manufacturing its chips.

While both governments relaxed their measures last month, court fights and an internal battle continue over control ⁠of Nexperia.

Yang said in the interview ​that Wingtech was still looking to regain ​control of Nexperia.

“The current fragmentation leads to duplicated investment and exposes Nexperia to competitive risks, ultimately harming the ‍company’s overall interests,” ⁠she said.

A Dutch court will hold a hearing on January 14 to hear arguments over whether it should formally investigate ⁠alleged mismanagement at Nexperia.

Nexperia Netherlands did not immediately respond to a request for ‌comment.

(Reporting by Brenda Goh; Additional reporting by Toby Sterling ‌in Amsterdam; Editing by Kirsten Donovan)



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy Now?

We came across a bullish thesis on Alibaba Group Holding Limited on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on BABA. Alibaba Group Holding Limited's share...

Is Texas Instruments Incorporated (TXN) A Good Stock To Buy Now?

We came across a bullish thesis on Texas Instruments Incorporated on Arya’s Substack. In this article, we will summarize the bulls’ thesis...

Only AI Content and Social Media Ads May Put Trading Brands in the Same Bucket as Scammers

Crypto companies have transformed from afterthought advertisers to the backbone of the affiliate marketing businesses. I also saw crypto exchange revenue grow from essentially...

The AI Agent in Your Pocket: Qualcomm’s CEO on the Future of Mobile

The smartphone is everywhere, but its next evolution won’t look like the apps we use today. In this episode of Bold Names, WSJ’s Tim...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img