China is urging the Netherlands to reverse its nationalization of Nexperia, a semiconductor company owned by Wingtech, citing potential disruptions to the global supply chain. This comes as ChangXin Memory prepares a $4.22 billion IPO to boost its DRAM and HBM production capabilities. The Dutch government took control of Nexperia in September to prevent technology transfers to China, a move criticized by Beijing for its potential impact on chip production. ChangXin, which holds 4% of the global DRAM market, aims to use the IPO proceeds for facility upgrades and research and development, with a projected 140% increase in sales by 2025.