NEW YORK -- Nexperia's Chinese unit said its Dutch headquarters' decision to remove its vice president of global sales and marketing has no legal effect in China and that contracts signed will be represented and handled domestically.
Decision 'inconsistent' with Chinese law, memo says, hinting at possible split
An employee works with a wafer in a production line of Dutch semiconductor company Nexperia, in Hamburg, Germany, June 27, 2024. © Reuters
NEW YORK -- Nexperia's Chinese unit said its Dutch headquarters' decision to remove its vice president of global sales and marketing has no legal effect in China and that contracts signed will be represented and handled domestically.