Following an emergency hearing on October 7, 2025, the Dutch Enterprise Chamber issued a provisional ruling that identified valid reasons to question the sound management of Nexperia under former CEO Zhang Xuezheng. As an immediate measure, Zhang Xuezheng has been suspended from his position and will no longer act as CEO of the company.

The Enterprise Chamber also decided that nearly all voting rights on Nexperia shares, indirectly held by parent company Wingtech Technology Co. Ltd., will now be managed by an independent administrator appointed by the court.

Under the new structure, CFO Stefan Tilger will assume the role of interim CEO, while Achim Kempe continues as COO. Ruben Lichtenberg, Chief Legal Officer, will serve as statutory director of both Nexperia Holding B.V. and Nexperia B.V., joined by Guido Dierick, who has been appointed non-executive director by the Enterprise Chamber.

Dutch Government Intervention
Citing serious managerial shortcomings, the Dutch Ministry of Economic Affairs determined that Nexperia’s European operations were being compromised, raising concerns about the availability of semiconductor products critical to the region’s industrial supply chain.

In response, the Dutch government issued an emergency order under the Goods Availability Act (Wbg). For a period of one year, Nexperia is prohibited from relocating company parts, dismissing executives, or making strategic decisions without explicit government approval. The measure is designed to safeguard production continuity and protect Dutch and European economic security. Despite the restrictions, Nexperia stated that daily operations are expected to continue without disruption.

Export Control Developments
On September 29, 2025, the U.S. Bureau of Industry and Security (BIS) expanded export restrictions to entities at least 50 percent owned by those on the U.S. Entity List. Although Nexperia was not named directly, it is affected due to its ownership by Wingtech Technology, which was added to the list in December 2024. Nexperia has taken steps to maintain business continuity during the 60-day grace period provided by BIS and is confident a resolution can be reached.

Separately, on October 4, 2025, the Chinese Ministry of Commerce imposed export controls preventing Nexperia China and its subcontractors from exporting certain finished components and sub-assemblies manufactured in China. Nexperia is actively engaging with Chinese authorities to obtain exemptions and mitigate the impact of the restrictions while maintaining close dialogue with government partners to ensure operational stability.

Original – Nexperia