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Wingtech demands return of Nexperia control after Dutch freeze pause
Wingtech Technology Co. Ltd. has accused the Dutch government of playing an active role in legal actions that stripped the Chinese company of control over Netherlands-headquartered chipmaker Nexperia. It is also demanding that Dutch authorities reinstate its full shareholder rights. In a Thursday statement, Wingtech asserted that the Dutch government’s suspension of an administrative freeze on Nexperia’s assets was not enough, as it failed to reverse a prior court ruling that transferred control of its stake to a court-appointed trustee. The company said this judicial action was coordinated with government measures, calling it a “systematic and illegal deprivation” of its shareholder rights.
Moore Threads to raise nearly 8 billion yuan in IPO
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- Wingtech demands reinstatement of Nexperia control after a Dutch court ruling transferred its stake to a trustee, despite a freeze suspension.
- Moore Threads aims to raise about 8 billion yuan ($1.1 billion) in its Shanghai IPO; Google opens a major AI hardware center in Taiwan.
- Intel pursues China-localized custom chips; Meta’s Yann LeCun leaves to start an AI company; Google launches Nano Banana Pro image model; IBM and Cisco partner on quantum networking.
- Wingtech Technology Co. Ltd.
- Wingtech Technology Co. Ltd. is a Chinese company engaged in a dispute with the Dutch government. It accuses Dutch authorities of coordinating legal actions that stripped it of control over Nexperia, a Netherlands-headquartered chipmaker. Wingtech demands the return of Nexperia control and reinstatement of its shareholder rights, calling the actions a "systematic and illegal deprivation."
- Nexperia
- Nexperia is a Dutch-headquartered chipmaker. Its parent company, Wingtech Technology Co. Ltd., accused the Dutch government of illegally stripping it of control over Nexperia through legal actions, transferring control to a court-appointed trustee. Wingtech is demanding the reinstatement of its shareholder rights.
- Moore Threads Technology Co. Ltd.
- Moore Threads Technology Co. Ltd., a Beijing-based GPU designer, plans to raise approximately 8 billion yuan ($1.1 billion) through its Shanghai IPO. The issue price is set at 114.28 yuan per share, with expected net proceeds of about 7.6 billion yuan after deducting issuance costs.
- Intel Corp.
- Intel Corp. is adopting a localization strategy in China, focusing on custom chip solutions for the country's fast-growing PC and cloud computing markets. Intel China Chairman Wang Zhicong revealed plans to adapt the U.S. chipmaker's offerings through modular configurations to meet specific local needs. This move aims to defend Intel's significant stake in the Chinese market.
- Google is establishing an AI infrastructure hardware engineering center in Taiwan, its largest outside the U.S., leveraging the region's design and manufacturing capabilities to shorten development cycles. It also launched Nano Banana Pro (Gemini 3.0 Pro Image), an advanced image generation and editing model with improved text rendering and Google Search integration.
- Meta Platforms Inc.
- Yann LeCun, Meta Platforms Inc.'s chief AI scientist and a Turing Award laureate, announced his departure from the company. He plans to launch a new startup focused on advanced machine intelligence. The new venture aims to develop intelligent systems capable of understanding the physical world, possessing long-term memory, and performing reasoning and complex action planning.
- IBM Corp.
- IBM Corp. announced a partnership with Cisco Systems Inc. to develop a networked distributed quantum computing infrastructure. The companies aim to have a proof-of-concept network connecting independent quantum computers within the next five years, with a completion target as early as the 2030s.
- Cisco Systems Inc.
- Cisco Systems Inc. (思科) is partnering with IBM Corp. to develop a networked distributed quantum computing infrastructure. Their goal is to complete this project as early as the 2030s, with a proof-of-concept network connecting multiple independent quantum computers expected within the next five years.
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