Wingtech Pops as Beijing Thaws Nexperia Spat with the Netherlands

BBC and CNBC contributed to this report.

Wingtech Technology kept the rally going Monday, jumping as much as 6.2% in Shanghai as Beijing signaled a cooling of tensions over its Dutch-based unit Nexperia. The late-Friday burst — shares spiked nearly 10% into the close — carried over after China’s Commerce Ministry said it’s taking steps to let certain chips leave Nexperia’s China facility, a move aimed at easing the auto industry’s supply jitters.

Beijing also said it will host a Dutch delegation for further talks, urging “constructive solutions” from The Hague. That followed Dutch economic affairs minister Vincent Karremans’ upbeat note last week that Nexperia parts should start reaching customers “in the coming days,” citing constructive exchanges with Chinese officials.

The detente marks a notable turn since September 30, when the Dutch government seized control of Nexperia on security grounds, and China retaliated by blocking exports from the company’s Chinese plant. With 70% of Nexperia’s chips finished in China before being re-exported, the standoff spooked carmakers and parts suppliers already running lean on inventories.

Automakers from Volkswagen to Honda have warned about production risks in recent weeks, with some idling lines and others setting up “war rooms” to source alternatives. Analysts at Barclays say some suppliers have begun receiving shipments again, but caution that inventories are thin and disruptions could flare until a durable fix is in place.

For Beijing, the stakes are bigger than one chipmaker. The Netherlands is gatekeeper to ASML’s world-leading lithography tools, a central pressure point in US-China tech tensions. By loosening curbs on Nexperia’s civilian chip exports and inviting Dutch officials to the table, China appears keen to dial down this specific row — even if the broader geopolitical chess match continues.