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The sources in the hague said nexperia former ceo zhang xuezheng, who is also the founder of nexperia's chinese parent company wingtech (600745.ss), had planned to lay off 40% of staff in europe. On tuesday, nexperia announced that it had suspended zhang, founder of wingtech, as a director and removed him as chief executive officer (ceo). In october, zhang xuezheng, nexperia's chief executive and the founder of wingtech, was ousted as the firm's boss after a dutch court suspended him as a director.
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Then on oct 7, an amsterdam court suspended wingtech’s founder zhang xuezheng as nexperia’s ceo after a petition by the company’s management On september 30th the ministry of economic affairs quietly took control of nexperia, a semiconductor firm headquartered in. The dispute has triggered concerns of production stoppages, especially in the european auto industry, over shortages of nexperia components, including critical transistors and logic chips.
Dutch government sources said nexperia's former ceo zhang xuezheng had planned to lay off 40 percent of staff in europe and close a research and development facility in munich.
The dutch government took control of nexperia due to the former chinese ceo's plans to ship machines from germany and the uk and transfer patents to china The former ceo, zhang xuezheng, also. After gathering dust for 73 years, the law has at last been put to use
