AMSTERDAM—A Dutch court ordered an investigation into mismanagement at chipmaker Nexperia, dealing a blow to Chinese parent Wingtech by allowing the European management team that took charge after a Dutch state intervention last year to stay in place.
The fight over Nexperia, which has spread from boardrooms to Brussels and Beijing, is one of the most prominent recent corporate standoffs between Europe and China and has disrupted global supplies of basic chips to the car industry.
