Still possible chipmaker Nexperia could reunite with Chinese operations, CEO says
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nexperia BV could still reunite with its Chinese operations, the chipmaker’s CEO told Reuters on Tuesday.
- ✓The company split last year after Dutch state intervention.
- ✓While Nexperia expanded in Malaysia to replace lost capacity, the CEO said, "I don't think there's anything against also holding an equity stake in China."
Story at a Glance
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- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
MUNICH, Nov 10 (Reuters) - Nexperia BV could still reunite with its Chinese operations, the Dutch chipmaker's chief executive told Reuters on Tuesday, even though, more than a year after geopolitical tensions split the company, the two sides now have separate businesses.
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"They are the economic owner of the shares of the company, and they can't exercise control right now. But it doesn't mean, of course, that they shouldn't be compensated fairly if a sale process should happen," he said.
With Tilger focused on running the business, he said negotiating a long-term solution was up to Wingtech's board and two Dutch court-appointed officials.
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