A court in Dongguan, China, has frozen approximately 2.139 billion yuan, or about $318.8 million, in onshore assets linked to Nexperia B.V. and ITEC B.V. The order, issued on August 28 and disclosed by Wingtech Technology on August 31, covers equity stakes in four Nexperia Chinese companies and one ITEC subsidiary, with freeze deadlines extending through August 2029. Wingtech and its subsidiary Yucheng Holdings filed a tort liability lawsuit in May seeking joint and several compensation of about 8 billion yuan over measures imposed by Dutch authorities that restricted Wingtech’s control of Nexperia. The defendants include Nexperia Holding, Nexperia B.V., ITEC B.V. and three foreign nationals. The case has not yet gone to trial, and Wingtech said the financial impact remains uncertain. The dispute follows Dutch intervention in Nexperia’s governance after U.S. export-control concerns emerged in 2025 following Wingtech’s placement on the Entity List. Wingtech has said it will pursue all legal avenues to restore full control. Nexperia said the freeze concerns Chinese entities operating outside Nexperia B.V.’s governance structure and does not affect daily operations, management or business continuity. Wingtech has been under delisting-risk warning since May 6, 2026, after auditors issued disclaimers on its 2025 financial and internal-control reports. The company said 57% of its assets could not be verified, primarily because they are held within inaccessible Nexperia entities. First-half 2026 revenue fell more than 90% year on year to 1.51 billion yuan, while net loss reached 406 million yuan. Wingtech said its emergency response is complete, including deployment of a China-based SAP system under domestic custody, with production and operations continuing normally. Nexperia’s China operations are also pursuing certification of domestic wafer suppliers and using 12-inch wafers for chip production.