Wingtech-owned Nexperia denied German subsidy

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2023-06-08 18:17:25  • 2 mins

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AMSTERDAM :Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany.

A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China's Wingtech, said the company had not been given an explanation for the rejection.

The European Commission earlier on Thursday said it would allow 68 tech projects to receive state aid as part of its push to improve competitiveness in key technologies. Nexperia's project, which involved using semiconductors to help batteries run more efficiently, was not included.

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