A Chinese ‌court has frozen up to 2.14 billion yuan ($300 million) of assets held by Dutch chipmaker Nexperia and its equipment arm, in a case brought by the firm’s Chinese owner, electronics group Wingtech Technology. Wingtech ​was stripped of control of Nexperia last year by the Dutch authorities. ​The dispute has strained relations between China and the Netherlands and ⁠threatened global supplies of chips used in cars and consumer electronics.The Chinese court action ​gives Wingtech fresh leverage in its effort to regain control of Nexperia, though it ​does not change the company’s management or resolve the broader ownership fight. The dispute began a year ago when the Dutch government intervened at Netherlands-headquartered Nexperia, citing concerns that technology, funds and production assets could be ​transferred abroad. A Dutch business court later suspended Nexperia’s chief executive and put ​voting rights tied to Wingtech’s shareholding under independent management.

Full report : A Chinese court froze up to $300 million of assets held by Dutch chipmaker Nexperia, giving its Chinese parent company Wingtech leverage in its bid to regain control.