Update on company developments
October 14, 2025Nijmegen -- Please find below an update on recent developments that concern Nexperia’s governance and operations.
Enterprise chamber ruling
Following an emergency hearing, the Dutch Enterprise Chamber on 7 October 2025 concluded provisionally that there are valid reasons to doubt sound management at Nexperia under the leadership of former CEO Zhang Xuezheng. The Enterprise Chamber ruled that, as an immediate measure, Zhang Xuezheng has been suspended as a director. Accordingly, Zhang Xuezheng is no longer acting as CEO of Nexperia.
Furthermore, the Enterprise Chamber ruled that substantially all voting rights on the shares in Nexperia, indirectly held by Wingtech Technology Co. Ltd. ("Wingtech"), have been placed under management of an independent administrator appointed by the Enterprise Chamber.
Going forward, CFO Stefan Tilger will be acting as interim CEO, Achim Kempe will continue to be the COO and CLO Ruben Lichtenberg will function as the statutory director of Nexperia Holding B.V. and Nexperia B.V., together with Guido Dierick, who has been appointed by the Enterprise Chamber as non-executive director.
Dutch government order
Due to the same serious managerial shortcomings, the Dutch Ministry of Economic Affairs observed that Nexperia's operations in Europe were being compromised in an unacceptable manner. This situation raised broader concerns for the Dutch government about the availability of semiconductor products critical to the European industry.
The combination of Zhang Xuezheng's behaviour as CEO and (indirect) shareholder, as well as concerns about the semiconductor product availability in the Netherlands and Europe, ultimately led to the Dutch government to intervene with an exceptional emergency order on the basis of the Goods Availability Act (Wbg).
Under this order, Nexperia is prohibited by the Dutch government from relocating company parts, firing existing executives and/or making other decisions without explicit permission from the Dutch government for a period of a year. This order is intended to prevent the goods manufactured by Nexperia from becoming unavailable, thus protecting Dutch and European economic security. The order is focused on ensuring business continuity. As such, Nexperia is positive that day-to-day operations can continue.
Export control measures
On 29 September 2025, the United States Bureau of Industry and Security ("BIS") issued a rule extending US export control restrictions to entities at least 50% owned by one or more entities on the US Entity List. Although Nexperia is not explicitly mentioned, the company is affected due to its status as a wholly owned subsidiary of Wingtech Technology Co., Ltd. (“Wingtech”), that was put on the BIS entity list last December. While Nexperia has made sufficient preparations to ensure business continuity – and as the BIS rule provides for a 60-day grace period – we are confident that a solution will be found.
On 4 October 2025, the Chinese Ministry of Commerce issued an export control notice prohibiting Nexperia China and its subcontractors from exporting specific finished components and sub-assemblies manufactured in China. Nexperia is actively engaging with the Chinese authorities to obtain an exemption from these restrictions and has deployed all available resources to that end. Nexperia is in close dialogue with all relevant national and local government authorities to mitigate the impact of this measure.
About Nexperia
Headquartered in the Netherlands, Nexperia is a global semiconductor company with a rich European history and over 12,500 employees across Europe, Asia, and the United States. As a leading expert in the development and production of essential semiconductors, Nexperia’s components enable the basic functionality of virtually every commercial electronic design in the world – from automotive and industrial to mobile and consumer applications.
The company serves a global customer base, shipping more than 110 billion products annually. These products are recognized as benchmarks in efficiency – in process, size, power, and performance. Nexperia's commitment to innovation, efficiency, sustainability, and stringent industry requirements is evident in its extensive IP portfolio, its expanding product range, and its certification to IATF 16949, ISO 9001, ISO 14001 and ISO 45001 standards.
For press information, please contact:
Hannes van Raemdonck, Head of Advocacy and Alliances