How Wingtech became the latest cautionary tale in the US-China tech wa…
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Chinese electronic-parts supplier Wingtech is the latest company to face a setback amid the U.S.-China tech war, after Dutch authorities froze control of its local subsidiary in a sign of new risks for Chinese tech firms" overseas investments.
Semiconductor manufacturer Nexperia, a European unit of the Chinese tech company, is under temporary external management following an order from the Dutch Ministry of Economic Affairs, Wingtech said in a stock exchange filing on Monday.
The rare move by local authorities was the latest example of increasing operational risks for Chinese tech companies amid intensified U.S.-China tensions, analysts said.
The case was likely "a dispute within the company"s internal management", but authorities could have factored political considerations into their rulings, said Kenny Ng, a strategist at Everbright Securities International.
"Three to five years ago, the areas most affected were typically mineral resources and raw materials development," he said.
"With the recent trade tensions and tech competition between China and the U.S., such cases will likely be
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