Have strong opinions, but welcome all civil discussions.

Mastodon: @BrikoX@freeradical.zone

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Joined 2 years ago
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Cake day: July 9th, 2023

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  • The whole trade situation taken over the news and missed why the company was nationalized in the first place. It was mismanaged and used a personal fund by the CEO. It was under investigation long before the trade war.

    The move followed an emergency hearing by the Dutch Enterprise Chamber on October 7, which concluded that there may be “valid reasons to doubt sound management at Nexperia under the leadership of former CEO Zhang Xuezheng”, a statement from the company said.

    New court records published by the paper allegedly show that Chinese executive and founder of Nexperia’s parent company, Wingtech, Zhang Xuezheng, forced Nexperia to place an order with his privately owned chip factory, WingSkySemi in Shanghai, worth over $200 million. That, despite it actually requiring less than $100 million worth for its own production needs.