Wingtech warns of up to $1.3B loss after Dutch move to seize Nexperia operations

A Chinese technology company is bracing for huge financial losses after the Dutch government moved to take over its European semiconductor operations, according to an announcement made Friday. Wingtech Technology, which owns Dutch chipmaker Nexperia, said it expects to lose anywhere from 9 billion to 13.5 billion yuan in 2025. That amounts to roughly $1.3 […]