AMSTERDAM - Dutch chipmaker Nexperia BV said Thursday it is not seeking to harm its Chinese parent firm Wingtech, following the release of Wingtech’s 2025 annual accounts which revealed the financial impact of an ongoing dispute between the companies.
Wingtech reported a net loss of 8.7 billion yuan ($1.3 billion) in 2025, partly due to an 8.95 billion yuan accounting loss on Nexperia after the subsidiary was revalued downward. Auditors RSM said they lack access to Nexperia’s finances, which represent about 57% of Wingtech’s assets, raising doubts about the accuracy of Wingtech’s financial statements.
“Nexperia has been providing all necessary support to Wingtech’s auditors over the past months,” the company said in a statement. “It is not our intention to harm the interests of Wingtech’s shareholders.”
Nexperia has operated independently of Wingtech since a Dutch court suspended Wingtech founder Zhang Xuezheng as Nexperia CEO in October 2025, citing mismanagement. The Dutch government initially intervened but later stepped back, deferring resolution to the companies and courts.
Nexperia’s statement said Wingtech has not agreed to talks. Wingtech’s annual report, published April 29, shows that Zhang Xuezheng stepped down as Wingtech chairman in January 2025 but still controls the company.