Nexperia says ousted Chinese CEO spreading ‘falsehoods’

Chip-maker Nexperia has accused its ousted chief executive officer of spreading “falsehoods” that it is now operating independently in China, as fallout from the Dutch government seizing control of the company continues.

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The company accused Mr Zhang Xuezheng in a statement on Oct 20 of “unauthorised actions” after his suspension by a Dutch court.

It said claims that Nexperia’s Chinese operations are now an independent entity are false.

“Furthermore, claims have been made that Nexperia has not been paying salaries to its employees,” the company said. “These statements are factually incorrect and misleading.”

The escalation follows the Dutch government’s unprecedented step in September of seizing control of Nexperia, a key supplier of chips used by the automotive and consumer electronics industries, illustrating heightened trade tensions between China and Europe.