Nexperia's Dutch entity seeks $2 billion from Wingtech in Amsterdam claim

Key facts

• Nexperia's Dutch entity is seeking $2 billion in damages from Wingtech Technology and related companies.
• Wingtech said the claim was brought in Amsterdam, per its Nov. 3 disclosure.
• The Dutch entity alleges Nexperia's Chinese units breached internal agreements and built a competing supply chain.

Nexperia's Dutch entity is seeking $2 billion in damages from Chinese owner Wingtech Technology and related companies, according to a Nov. 3 disclosure by Wingtech cited by Caixin. The claim was brought in Amsterdam.

Wingtech's disclosure said the Dutch business alleges that Nexperia's Chinese units, including Nexperia China and Nexperia Shanghai, breached internal agreements and built a separate supply chain in China that disrupted the Dutch entity's operations and created direct competition.

The dispute has split the chipmaker's Chinese and overseas operations. The body did not state when the claim was filed or give the Dutch entity's response beyond the allegations in Wingtech's disclosure.