Wingtech says core of Nexperia China unit now based on mainland, can operate independently

China’s Wingtech Technology says it has developed an independent management operation for Nexperia’s Chinese unit, in a bid to insulate the local business as it fights to regain control of the Dutch chipmaker.
Wingtech chairwoman Ruby Yang Mu said on Friday that the core management, research and development and production teams at Nexperia China were now fully based in the country and possessed “complete operational decision-making authority”.
“Today I am confident to say that Nexperia China has...