Nexperia’s Chinese owner Wingtech has lost a court battle to regain control of the Dutch chipmaker, prolonging a crisis that has threatened to bring some European car factories to a halt.
The Amsterdam appeal court instead upheld an earlier decision to suspend its Chinese chief executive, hand power to EU-based directors and investigate allegations of mismanagement.
The court “finds that there are valid reasons to doubt the sound policy and conduct of business at Nexperia and orders an investigation”, it said in a press release.
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