The Ministry of Commerce of China File photo: VCG

In response to media inquiries on Wednesday's ruling by the Amsterdam Enterprise Chamber to launch an investigation into Nexperia over alleged mismanagement, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Friday that China has taken note of the relevant information. 

The top priority is to restore stability and smooth functioning of the global semiconductor supply chain, which serves the common interest of the international industry, including both China and the Netherlands, said the spokesperson.

We hope the Dutch side will act accordingly, and from the perspective of safeguarding the overall stability of the global semiconductor industry and supply chain, create favorable conditions for enterprises of both sides to resolve internal disputes in a constructive manner, the MOFCOM spokesperson said.

China's Foreign Ministry's spokesperson Lin Jian told a press conference on Thursday that the competent authorities have stated our position on the Nexperia issue on multiple occasions, noting that the root cause of the Nexperia issue is the improper administrative intervention of the Dutch side in the operations of businesses.

Lin said that China will continue supporting Chinese companies in safeguarding their legitimate and lawful rights and interests.

According to Reuters, the Amsterdam Enterprise Chamber said on Wednesday that during the probe - expected to take months - emergency measures imposed in October that include the suspension of former CEO and Wingtech founder Zhang Xuezheng and the temporary transfer of shareholder voting rights to a Dutch court-appointed administrator, will remain in place.

In response, Wingtech said in a statement on WeChat account on Thursday that the company expresses profound disappointment and strong dissatisfaction with this ruling, noting that it is a self-contradictory and logically flawed ruling.

Global Times