Wingtech's 2025 loss widens as Nexperia dispute bites

BEIJING, April 29 (Reuters) - ‌Wingtech Technology said ​on ​Wednesday that its net loss widened to 8.7 billion yuan ($1.3 billion) in 2025 from a ‌2.8-billion-yuan loss a year earlier, as a dispute ⁠over control of Nexperia weighed on the company's performance.

• Wingtech's control ‌over Nexperia's relevant overseas ‌entities remains restricted, it said in a filing to the Shanghai Stock Exchange.

• Those entities are not following ​Wingtech's order to conduct business and have suspended wafer supplies to Nexperia China's relevant departments, disrupting the ⁠continuity of the company's manufacturing operations, it said.

• The dispute began when the ​Dutch government took control of Netherlands-based Nexperia from its Chinese parent Wingtech in September, citing ​governance issues.

• Wingtech said it ‌is pursuing legal remedies to protect its rights while in the meantime stepping up development ⁠of its domestic supply chain to ensure supply to customers in China and globally.

• "Nexperia China is working with Chinese partners ⁠to actively establish and integrate its transistor product lines," the filing ​said.

• Nexperia China has completed small-scale trial production of some 12-inch wafer products that meet its automotive-grade standards and expects capacity ‌to be released gradually in the second half of 2026.

• The Chinese company reported a ‌net loss of 189.3 million yuan in the first ⁠quarter of this year, ‌versus a 261.4 ​million yuan net profit in the same period in 2025.

($1 = 6.8380 Chinese yuan renminbi)

(Reporting by Beijing ‌Newsroom)

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