Control rights were taken away by the US and China! Wintech Technology claims 8 billion from NXP: Official response is that 2.1 billion has been frozen.

Due to the U.S. Department of Commerce listing Wintech Technology on the Entity List and pressuring the Dutch government to replace the Chinese CEO, the Netherlands implemented temporary measures to deprive it of its control rights. Wintech Technology subsequently filed a lawsuit against three companies including Nexperia Semiconductor and three foreign executives, claiming 8 billion yuan in damages. The Dongguan Intermediate People's Court has ordered the seizure of assets worth 2.139 billion yuan from the defendants to ensure the enforcement of future judgments. Wintech Technology responded that this preservation measure is not an entity judgment and will exhaust legal means to regain full control over Nexperia Semiconductor and fulfill its information disclosure obligations. During the lawsuit, Wintech Technology for the first time invoked the Anti-Foreign Sanctions Law of the People's Republic of China, claiming that the Dutch restrictions constituted discriminatory restrictions. The Amsterdam Enterprise Court previously upheld the relevant measures and initiated an investigation.