Wingtech, unit file lawsuit against Nexperia B.V., related entities, seek $1.2 billion in damages
A court in the southern Chinese province of Guangdong has accepted the case, the company said in a filing to the Shanghai Stock Exchange. Wingtech, which owns Nexperia, said its control over the Dutch chipmaker remains restricted. Disputes began when the Dutch government took control of Netherlands-based Nexperia from its Chinese parent Wingtech last year. ($1 = 6.7947 Chinese yuan renminbi)
Wingtech Technology on Friday said it and a unit have filed a lawsuit against Nexperia B.V. and five other entities while provisionally seeking 8 billion yuan ($1.18 billion) in compensation for economic losses. A court in the southern Chinese province of Guangdong has accepted the case, the company said in a filing to the Shanghai Stock Exchange.
Wingtech, which owns Nexperia, said its control over the Dutch chipmaker remains restricted. Disputes began when the Dutch government took control of Netherlands-based Nexperia from its Chinese parent Wingtech last year. ($1 = 6.7947 Chinese yuan renminbi)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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