Wingtech sues Nexperia for $1.18 billion over control dispute

Investing.com -- Wingtech Technology announced on Friday that it and a subsidiary have filed a lawsuit against Nexperia B.V. and five other entities, seeking 8 billion yuan ($1.18 billion) in compensation for economic losses.

A court in Guangdong province has accepted the case, according to a filing to the Shanghai Stock Exchange.

Wingtech, which owns Nexperia, said its control over the Dutch chipmaker remains restricted. The disputes started when the Dutch government took control of Netherlands-based Nexperia from its Chinese parent Wingtech last year.

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