December 4, 2024 /SemiMedia/ — The U.S. Department of Commerce announced on December 2, 2024, that Wingtech Technology Co., Ltd., the majority shareholder of semiconductor manufacturer Nexperia, was added to the Entity List. This designation subjects Wingtech to U.S. export licensing requirements, limiting its access to specific technologies.

Nexperia clarified that these restrictions do not extend to its operations or subsidiaries. The company stated it will ensure full compliance with U.S. regulations in its dealings with Wingtech. The Entity List inclusion is part of broader U.S. measures targeting entities allegedly tied to China's military-industrial complex or national security concerns.

While the restrictions primarily focus on Wingtech, industry experts are watching closely for any potential indirect impact on Nexperia's supply chain or partnerships. Nexperia reiterated its commitment to maintaining transparent and lawful business practices amidst the heightened scrutiny of its shareholder relationship.