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A dutch court has suspended zhang xuezheng, ceo of semiconductor company nexperia, citing reckless leadership and poor preparation for imminent u.s It has appointed stegan tilger, chief. Trade restrictions, according to a ruling published tuesday by the amsterdam court of appeal.

The company has also denied allegations that it has failed to pay employee salaries, claiming that its recently ousted ceo, zhang xuezheng, was actively spreading falsehoods after the dutch ministry of economic affairs took control of the firm last week, according to a statement obtained by bloomberg. On tuesday, nexperia announced that it had suspended zhang, founder of wingtech, as a director and removed him as chief executive officer (ceo) The dutch government said sunday it had taken control of the company

Nexperia said its ceo and shareholder zhang xuezheng had been suspended from his post following a court order.

The dutch were prompted in part by fears that mr zhang was undermining nexperia in favour of his chinese companies, and in part by threats from america.

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