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I think the headline is incorrect , as far as the timeline goes there were TWO separate actions. The first was the Business Court removing the CEO and the Board

by rzerowan 11mo ago

I think the headline is incorrect , as far as the timeline goes there were TWO separate actions. The first was the Business Court removing the CEO and the Board, the second was the ministrial action to take over Nexperia NL business as part of the wartime measure. These were all precipitated by the US BIS50+ ruling that threatend to sanction any Chinese subsidiary of any company on the Entity list , which increaed the list from something like 1500 to 30k companies overnight with Nexperia in the mix. After the recent US-China talks and the suspension of the rule , the Dutch have in kind made movements to backtrack. However at this point its only the Ministerial action that has been suspended i.e the SECOND action. The FIRST action by the Business courts still remains in place , so the CEO/Board is still outed.

wkat4242 11mo ago
> These were all precipitated by the US BIS50+ ruling that threatend to sanction any Chinese subsidiary of any company on the Entity list , which increaed the list from something like 1500 to 30k companies overnight with Nexperia in the mix. The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business. This was one of the reasons they got on the entity list in the first place and it's very shady if not illegal. But in China it's very common practice, the government even does it itself, building mega cities that remain empty because the prices are too high to afford. Just to prop up their economy stats. Nexperia was never going to stay under government control, the government isn't in the business of making chips. But dumping the CEO was a good decision (and can't be overturned by the government because it was a court decision)
- rzerowan 11mo ago
  >The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business. >This was one of the reasons they got on the entity list in the first place and it's very shady if not illegal. It actually was the main cause , if one follows the timeline: June 12 Dutch-US meet: "Minutes of the meeting state... a key point for US is 'that no externally visible measures have been taken. It is understandable that a divestment takes time but the fact that the company's CEO is still the same Chinese owner is problematic'..." Sept 30: Dutch Ministry of Economic Affairs issued an order barring the firm and its global subsidiaries from changing assets, staff, or IP for a year. Oct 1: US entity list was expanded "Foreign subsidiaries 50% or more Chinese-owned are now also subject to US export restrictions. As a result, Nexperia also needs licenses to purchase US components, software, or cloud services" Days later, Dutch and German executives at Nexperia petitioned a court to suspend Wingtech’s CEO Zhang Xuezheng and place the firm’s shares under temporary court management. From the Court Docs [1] a) US telling Nexperia to ditch its Chinese leadership if it wants a waiver from the entity list b) Chinese CEO's clearly erratic behaviour One does not get put on the US Gov Entity list for corporate shenanigans , its a Geo-Political instrument to discipline allies and punish enemies. As far as the company buying excess capex , this would be shady maybe not illegal. By analogy if Satya from MS tomorrow decided to buy excess Azure capacity for XboxLive and channeled the biz contract to his own AI startup buying from Azure - would it be shady? yes . Rising to the level of removing him , the board, confisicating all Xbox IP under state control would be absurd. [1] https://uitspraken.rechtspraak.nl/details?id=ECLI:NL:GHAMS:2025:2752 https://uitspraken.rechtspraak.nl/details?id=ECLI:NL:GHAMS:2...

wkat4242 11mo ago

> These were all precipitated by the US BIS50+ ruling that threatend to sanction any Chinese subsidiary of any company on the Entity list , which increaed the list from something like 1500 to 30k companies overnight with Nexperia in the mix. The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business. This was one of the reasons they got on the entity list in the first place and it's very shady if not illegal. But in China it's very common practice, the government even does it itself, building mega cities that remain empty because the prices are too high to afford. Just to prop up their economy stats. Nexperia was never going to stay under government control, the government isn't in the business of making chips. But dumping the CEO was a good decision (and can't be overturned by the government because it was a court decision)

rzerowan 11mo ago
>The ousting of the CEO wasn't. He was pulling a lot of resources to China and also buying wafers that weren't actually used to fake business. >This was one of the reasons they got on the entity list in the first place and it's very shady if not illegal. It actually was the main cause , if one follows the timeline: June 12 Dutch-US meet: "Minutes of the meeting state... a key point for US is 'that no externally visible measures have been taken. It is understandable that a divestment takes time but the fact that the company's CEO is still the same Chinese owner is problematic'..." Sept 30: Dutch Ministry of Economic Affairs issued an order barring the firm and its global subsidiaries from changing assets, staff, or IP for a year. Oct 1: US entity list was expanded "Foreign subsidiaries 50% or more Chinese-owned are now also subject to US export restrictions. As a result, Nexperia also needs licenses to purchase US components, software, or cloud services" Days later, Dutch and German executives at Nexperia petitioned a court to suspend Wingtech’s CEO Zhang Xuezheng and place the firm’s shares under temporary court management. From the Court Docs [1] a) US telling Nexperia to ditch its Chinese leadership if it wants a waiver from the entity list b) Chinese CEO's clearly erratic behaviour One does not get put on the US Gov Entity list for corporate shenanigans , its a Geo-Political instrument to discipline allies and punish enemies. As far as the company buying excess capex , this would be shady maybe not illegal. By analogy if Satya from MS tomorrow decided to buy excess Azure capacity for XboxLive and channeled the biz contract to his own AI startup buying from Azure - would it be shady? yes . Rising to the level of removing him , the board, confisicating all Xbox IP under state control would be absurd. [1] https://uitspraken.rechtspraak.nl/details?id=ECLI:NL:GHAMS:2025:2752 https://uitspraken.rechtspraak.nl/details?id=ECLI:NL:GHAMS:2...