Dutch court probes Chinese-owned chipmaker's CEO suspension
A Dutch court has kicked off a formal investigation into Nexperia, a major chipmaker owned by China's Wingtech, after concerns about how the company has been run.
The court also suspended CEO Zhang Xuezheng, pointing to strategy changes made without consulting others, breaking deals with the Dutch government, and sidelining European managers.
A temporary director is now in charge while the probe unfolds.
Nexperia supplies chips for cars worldwide
Nexperia supplies chips for cars worldwide, so any trouble here could ripple through global auto production.
The drama started when the Dutch government took control of Nexperia last September over security worries, which led to China blocking exports and disrupting supply chains.
With U.S.-China tensions already high, this case highlights just how closely countries are watching who controls key tech like semiconductors.