Key Points:
- Wingtech reported a massive net loss of 8.7 billion yuan ($1.3 billion) in 2025 due to its ongoing corporate dispute.
- Auditors refused to verify Wingtech’s financial statements because they lacked access to Nexperia data, which makes up 57% of the company’s assets.
- A Dutch court suspended Wingtech founder Zhang Xuezheng as Nexperia’s CEO in October 2025 over concerns about severe mismanagement.
- Nexperia insists it provides support to auditors and wants to resolve the dispute, but Wingtech refuses to negotiate.
Dutch computer chip manufacturer Nexperia wants to clear the air regarding its ongoing corporate battle. The company announced on Thursday that it has no intention of harming its Chinese parent company, Wingtech. This public statement comes right after Wingtech published a disastrous 2025 annual report that showed a massive financial toll from its bitter dispute.
Wingtech took a brutal financial hit last year. The Chinese technology firm reported a staggering net loss of 8.7 billion yuan, which equals about $1.3 billion. The company blamed almost all of this deficit on a massive accounting loss tied directly to Nexperia. Wingtech had to revalue the Dutch chipmaker downward by 8.95 billion yuan. This forced adjustment dropped the total estimated value of Nexperia to 24.38 billion yuan, or roughly $3.43 billion.
The financial chaos created a massive headache for the accountants. The independent auditing firm RSM reviewed the Wingtech annual report and raised major red flags. The auditors stated plainly that they simply do not have access to the internal financial data over at Nexperia.
This lack of data poses a significant problem because Nexperia accounts for around 57% of Wingtech’s total assets. Without seeing the books for more than half of the company, RSM accountants said they could not feel confident that the overall financial statements actually reflect reality. Investors rely heavily on these audits, making the lack of verification a serious threat to the market reputation of the Chinese parent firm.
Nexperia quickly defended itself against these damaging claims. The Dutch chipmaker released a formal statement on Thursday to address the accounting controversy. The company insisted that it had actively helped the auditors for several months. Company representatives explicitly stated they provide all necessary support to the RSM auditing team.
The European firm also made its broader business intentions clear. Leaders at the chipmaker stressed that they do not want to destroy the parent firm’s value or hurt everyday investors. The official statement declared that the company has no intention to harm the interests of Wingtech shareholders. Nexperia claims it wants to fix the problem, but noted on Thursday that Wingtech simply refuses to sit down and agree to any talks.
The two companies basically operate as entirely separate entities right now. Nexperia broke away and started operating independently from Wingtech in October 2025. A major legal decision forced this drastic separation. A Dutch court stepped in and officially suspended Wingtech founder Zhang Xuezheng from his role as the chief executive officer of Nexperia.
The Dutch judges made this bold move because they cited serious mismanagement concerns regarding how Zhang ran the chipmaker. The drama actually started earlier in 2025 when the Dutch government intervened directly at Nexperia to protect local business interests. However, government officials later stepped back from the situation. Authorities told the two companies that they must use the court system to resolve their remaining corporate disputes.
Wingtech published its messy annual report on April 29, revealing more details about its corporate leadership timeline. The documents showed that Zhang Xuezheng actually stepped down as chairman of Wingtech in January 2025.
This resignation happened well before the bitter dispute over Nexperia even began. Despite losing his formal title as chairman and being suspended from the Dutch subsidiary, the annual report confirmed that Zhang continues to hold ultimate control over the Chinese parent company.
Finding a path forward looks incredibly difficult for everyone involved. As long as Wingtech refuses to negotiate, the legal and financial mess will only grow worse. Shareholders face massive uncertainty while the accounting books remain unverified. Until the two sides return to the negotiating table, the giant black hole in the asset sheet will continue to scare away potential investors and disrupt the global semiconductor supply chain.
