Nexperia parent Wingtech warns of ‘cash flow risk’ despite 280% surge in profit

Wingtech Technology, parent company of Dutch chipmaker Nexperia, reported a 280% surge in net profit to 1 billion yuan (US$149 million) for the third quarter but warned of potential cash flow risks due to geopolitical tensions over Nexperia's control. Revenue fell by 77% to 4.4 billion yuan, partly because Wingtech was added to the US export control list and divested four subsidiaries in its product integration business. The company attributed 97% of its revenue to semiconductor operations. Wingtech cautioned that failure to regain full control over Nexperia by the end of 2025 could lead to a temporary reduction in revenue, profits, and cash flow.