Wingtech's Shanghai-listed stock plunged 10%, its daily limit, after the Dutch government seized control of Nexperia, which Wingtech acquired in 2018 for $3.6B
Nexperia parent company Wingtech preps response to ‘exceptional’ steps taken to safeguard ‘crucial technological knowledge’ Toby Sterling / Reuters : Dutch government intervenes at Chinese-owned computer chip firm Nexperia Matthew Field / Telegraph : Netherlands seizes Chinese microchip maker to protect national security Robert Brown / Implicator.ai : Dutch government seizes control of Chinese chipmaker through executive rebellion, suspends chairman Oliver Haill / Proactive : Dutch govt takes over Chinese-owned semiconductor specialist Nexperia The Economic Times : China's Wingtech seeks help from govt after Dutch intervention DigiTimes : Netherlands seizes control of Nexperia, deepening Europe-China tech rift Sherry Qin / Dow Jones Newswires : Wingtech Shares Dive After Dutch Government Intervenes in Chip Unit Una Hajdari / Yahoo Finance : Netherlands invoke rare emergency law to take charge of Chinese chipmaker Daily Sabah : Dutch govt moves to take control of Chinese-owned chip maker Nexperia Pieter Haeck / Politico : Dutch government seizes control of Chinese-owned chipmaker Nexperia Naomi Li Gan / Tech in Asia : Dutch gov't takes over Chinese-owned chipmaker Nexperia DutchNews.nl : Dutch intervene in Chinese-owned chip firm over security fears X: Zichen Wang / @zichenwanghere : Wingtech ( https://600745.sh/), the Shanghai-listed Chinese semiconductor company whose Netherlands-headquartered Nexperia was confirmed on Oct 12 to be freezed by the Dutch govt, slumped on Monday by 10% the maxium allowed by the stock exchange, losing over 5 bln valuation. [image]