A logo of Nexperia Photo: VCG

In response to a question about China-Netherlands negotiation progress in relation to Nexperia, Chinese Ministry of Commerce (MOFCOM) spokesperson He Yadong said on Thursday that China has been facilitating talks between Wingtech Technology and Nexperia's Dutch unit to resolve their internal disputes. 

As Wingtech has sent letters to the Dutch-appointed custodians of Nexperia's shares, inviting them to visit China for consultations on restoring lawful control of the subsidiary and supply chain stability, the MOFCOM conveyed the request to the Dutch Embassy in China and urged the Dutch Ministry of Economic Affairs to implement the consensus reached with China, with the aim of facilitating the dispatch of personnel from Nexperia's Dutch unit to China.

Wingtech has formally sent letters to the Dutch-appointed custodians of shares in Nexperia's Dutch unit, proposing constructive discussions on the dispute. The company aims to bridge differences through dialogue and seek a long-term solution that serves all parties, according to a statement on Wingtech's website on Wednesday.

The company said that the formal invitation represents another important effort by Wingtech to advance the resolution of the dispute and reflects its sense of corporate responsibility. 

Wingtech reaffirmed its position as the lawful controlling shareholder of Nexperia's Dutch unit and its clear requirement to restore Wingtech's lawful control and full shareholder rights of its subsidiary firm, noting that it is the core prerequisite and fundamental basis for resolving the Dutch unit's current governance impasse.

Wingtech said that since the Dutch side imposed unilateral intervention measures against Nexperia, the company's operations and global supply chain stability have been significantly affected. These actions have not only harmed Wingtech's lawful rights and interests as a shareholder, but have also disrupted the supply-chain security of Europe's automotive and semiconductor industries. 

In response, the company has actively sought to resolve the dispute through lawful and constructive channels, repeatedly expressed its willingness to communicate, and made substantive efforts to do so. 

The company said that the proposal demonstrates Wingtech's willingness to engage in open communication with the Dutch government, the shareholding custodians, and other relevant parties, with the goal of restoring Nexperia's normal governance structure, restoring a healthy development path, and safeguarding the stability and smooth functioning of the global semiconductor supply chain.

During a press conference on Thursday, He stressed that the Nexperia issue was triggered by improper administrative intervention by the Dutch government, and the Dutch Ministry of Economic Affairs has a responsibility to take constructive and substantive measures, and revoke its administrative order to create favorable conditions for internal consultations within the company. 

The spokesperson further noted that China has taken concrete steps to grant exemptions for compliant exports intended for civilian use, and hopes the Dutch side will take practical actions to help resolve the Nexperia issue.

Global Times