第一财经从相关渠道获悉，安世的部分高管们提出的一系列要求中，包括闻泰科技转让安世的股权，甚 至是控股权。 【独家 | 荷兰冻结闻泰半导体资产，#安世外籍高管要求闻泰转让控股权#】#闻泰科技（维权）营收147 亿半导体资产被冻结# 闻泰科技（600745.SH）的半导体业务遭遇重创。 10月22日，闻泰科技公告，荷兰政府要求闻泰科技的控股子公司安世不得对资产、知识产权等进行调 整，为期一年。与此同时，安世的首席法务官、首席财务官等外籍高管向法院提交请求，要求启动调 查。荷兰企业法庭已经暂停了闻泰科技委派的安世半导体CEO履行相关职务。 ...

2025.10. 12 本文字数：2135，阅读时长大约4分钟 作者 | 第一财经 彭海斌 闻泰科技（600745.SH）的半导体业务遭遇重创。 10月22日，闻泰科技公告，荷兰政府要求闻泰科技的控股子公司安世不得对资产、知识产权等进行调整，为期一年。 与此同时，安世的首席法务官、首席财务官等外籍高管向法院提交请求，要求启动调查。荷兰企业法庭已经暂停了闻 泰科技委派的安世半导体CEO履行相关职务。 第一财经从相关渠道获悉，安世的部分高管们提出的一系列要求中，包括闻泰科技转让安世的股权，甚至是控股权。 控股权之争 安世正在遭遇内忧外患。 据闻泰科技披露，荷兰时间2025年9月30日，荷兰经济事务与气候政策部对安世下达部长令，要求安世及其下属所有 子公司、分公司、办事处等全球30个主体对其资产、知识产权、业务及人员等不得进行任何调整，有效期为一年。 与此同时，安世的内乱发生了。 荷 兰 时 间 2025 年 10 月 1 日 ， 安 世 半 导 体 控 股 以 及 安 世 半 导 体 （ 荷 兰 注 册 主 体 ） 法 定 董 事 兼 首 席 法 务 官 Ruben Lichtenberg在获得其他两位高管，即首 ...

闻泰科技10月12日公告，荷兰政府要求闻泰科技的控股子公司安世不得对资产、知识产权等进行调整， 为期一年。与此同时，安世的首席法务官、首席财务官等外籍高管向法院提交请求，要求启动调查。荷 兰企业法庭已经暂停了闻泰科技委派的安世半导体CEO履行相关职务。据相关渠道消息，安世的部分高 管们提出的一系列要求中，包括闻泰科技转让安世的股权，甚至是控股权。（第一财经） ...

Core Viewpoint - The company strongly opposes the Dutch government's intervention in the operations of Nexperia, a subsidiary of the company, citing that the government's actions are politically motivated and not based on factual risk assessments [1] Group 1: Company Position - The company asserts that the Dutch government's freezing of Nexperia's global operations is an excessive intervention based on geopolitical bias rather than legitimate security concerns [1] - The company emphasizes its commitment to adhering to laws and regulations in all countries since acquiring Nexperia, maintaining transparency and proper governance [1] - The company condemns the discriminatory treatment of Chinese enterprises and has initiated legal and diplomatic measures to demand the withdrawal of the Dutch government's erroneous directives [1] Group 2: Industry Impact - The company argues that the Dutch government's actions contradict the EU's principles of market economy, fair competition, and international trade rules [1] - The company highlights the value it has brought to the European semiconductor supply chain over the years [1] - The company criticizes attempts by certain foreign management to alter Nexperia's ownership structure through legal means, linking these attempts to the Dutch government's directives [1]

Core Viewpoint - The semiconductor business of Wentech Technology (600745.SH) is facing significant challenges due to a directive from the Dutch government, which restricts its subsidiary, Nexperia, from making adjustments to its assets and intellectual property for one year [1][4][6]. Group 1: Company Situation - Wentech Technology announced that the Dutch government has mandated Nexperia to refrain from any adjustments to its assets, intellectual property, and operations for a year, effective from September 30, 2025 [4]. - Nexperia's internal turmoil has escalated, with key executives filing for an investigation and requesting temporary measures against the company's management [5][6]. - The Dutch court has suspended the CEO of Nexperia from his duties, appointing an external individual with decisive voting rights to oversee the company [5][6]. Group 2: Financial Impact - Wentech Technology's semiconductor business generated a revenue of 14.715 billion yuan in 2024, with a gross profit margin of 37.47% and a net profit of 2.297 billion yuan [15]. - Nexperia reached a peak revenue of 2.36 billion euros in 2022 and has contributed 130 million euros in corporate income tax to the Netherlands over the past five years [15]. - Following the acquisition by Wentech, Nexperia has improved its global ranking in power discrete devices from 11th in 2019 to 3rd [16]. Group 3: Regulatory Environment - The Dutch Ministry of Economic Affairs issued the directive to Nexperia primarily to "ensure supply chain security," which Wentech views as an unreasonable external takeover of a normally operating business [6][11]. - The U.S. Department of Commerce has placed Wentech on an entity list, tightening export controls on subsidiaries with over 50% ownership [7][8]. - The Chinese government has condemned the U.S. actions as detrimental to legitimate business rights and has vowed to take necessary measures to protect Chinese enterprises [9]. Group 4: Strategic Outlook - Wentech Technology is actively seeking legal remedies and engaging with government departments to gain support amid the ongoing challenges [12]. - The current crisis not only tests Wentech's resilience but also reflects the broader implications of changing international business rules and geopolitical risks [16].

Core Viewpoint - The semiconductor business of Wentech Technology (闻泰科技) is facing significant challenges due to a Dutch government directive and internal disputes within its subsidiary, Anshi Semiconductor (安世半导体) [1][3][4]. Group 1: Government Intervention - The Dutch government has issued a directive preventing Anshi Semiconductor and its global subsidiaries from making any adjustments to assets, intellectual property, or personnel for one year, effective from September 30, 2025 [3][4]. - This directive is aimed at "ensuring supply chain security," but Wentech Technology argues that the scope and severity of the restrictions exceed normal risk management practices, constituting an unreasonable external takeover of a normally operating business [4][6]. Group 2: Internal Disputes - Anshi Semiconductor is experiencing internal turmoil, with key executives, including the Chief Legal Officer and Chief Financial Officer, filing a request for an investigation into the company and seeking temporary measures from the court [3][4]. - The Dutch enterprise court has suspended the CEO of Anshi Semiconductor from his duties, appointing a foreign individual as a non-executive director with decisive voting rights [3][4]. Group 3: Financial Impact - Wentech Technology's semiconductor business generated a revenue of 14.715 billion yuan in 2024, with a gross profit margin of 37.47% and a net profit of 2.297 billion yuan [10]. - Anshi Semiconductor reached a revenue peak of 2.36 billion euros in 2022 and has contributed 130 million euros in corporate income tax to the Netherlands over the past five years [10][11]. Group 4: Strategic Importance - Anshi Semiconductor, acquired by Wentech Technology for over 20 billion yuan, is a crucial part of the company's business portfolio, focusing on discrete devices and logic devices [8][10]. - Following the acquisition, Anshi Semiconductor has risen in global rankings from 11th to 3rd among power discrete device companies, serving major clients like Bosch, Siemens, Samsung, and Apple [11]. Group 5: Broader Context - The current crisis faced by Wentech Technology is not only a test of the company's resilience but also a reflection of the challenges and opportunities arising from the restructuring of global trade rules amid geopolitical tensions [11].

Core Viewpoint - Wentech Technology's semiconductor business faces significant challenges due to a Dutch government order restricting its subsidiary, Nexperia, from making adjustments to assets and intellectual property for one year [1][3][5]. Group 1: Government Intervention - The Dutch Ministry of Economic Affairs issued a ministerial order on September 30, 2025, prohibiting Nexperia and its global subsidiaries from making any adjustments to assets, intellectual property, and personnel for one year [3]. - The order is justified by the Dutch government as a measure to "ensure supply chain security," but Wentech believes the restrictions are excessively broad and constitute an unreasonable external takeover of a normally operating business [5]. Group 2: Internal Conflict - Nexperia's internal turmoil escalated with its legal board members, including the Chief Legal Officer and Chief Financial Officer, filing a request for an investigation into the company [3]. - The Dutch enterprise court ruled on October 7, 2025, to suspend the CEO of Nexperia, Zhang Xuezheng, from his executive roles, indicating a significant shift in control [4][3]. Group 3: Financial Impact - Wentech's semiconductor business generated revenue of 14.715 billion yuan in 2024, with a gross profit margin of 37.47% and a net profit of 2.297 billion yuan [12]. - Nexperia reached a peak revenue of 2.36 billion euros in 2022 and has contributed 130 million euros in corporate income tax to the Netherlands over the past five years [12]. Group 4: Strategic Importance - Nexperia is a leading supplier of semiconductor standard devices, crucial to Wentech's business portfolio, which includes product integration and semiconductor divisions [11][12]. - Since its acquisition, Nexperia has climbed from the 11th to the 3rd position among global power discrete device companies, serving major clients like Bosch, Siemens, Samsung, and Apple [13]. Group 5: Global Context - The current geopolitical climate poses challenges and opportunities for Chinese manufacturing, particularly in high-tech sectors, as global trade rules undergo reconstruction [13]. - Wentech's global revenue reached 73.6 billion yuan in 2024, with overseas income accounting for 52.9 billion yuan, highlighting its status as a global enterprise [13].

Group 1: Trade Relations and Tariffs - The U.S. announced a 100% tariff on Chinese exports related to rare earths and key software, prompting a response from China's Ministry of Commerce, which emphasized that high tariffs are not the correct approach for bilateral relations [1] - China reiterated its unwillingness to engage in a trade war but stated it would take necessary measures to protect its legitimate rights if the U.S. persists in its actions [1] Group 2: Shipping and Port Fees - The Ministry of Transport of China announced that starting from October 14, 2025, special port fees will be charged for U.S.-owned or operated vessels, including those with significant U.S. ownership [2] Group 3: Market Regulation and Antitrust - Qualcomm is under investigation by China's State Administration for Market Regulation for allegedly violating the Anti-Monopoly Law, particularly concerning its acquisition of Autotalks without proper notification [3] - The investigation follows Qualcomm's failure to comply with notification requirements after being advised to do so, leading to a formal inquiry into its business practices [3] Group 4: Industry Responses to U.S. Measures - China's Ministry of Commerce announced countermeasures against U.S. restrictions on the shipbuilding industry, framing these actions as necessary for maintaining fair competition in international shipping and shipbuilding markets [4] Group 5: Infrastructure and Technology Development - The Ministry of Industry and Information Technology, along with six other departments, issued a plan to enhance new information infrastructure and promote the integration of computing power with industry applications from 2025 to 2028 [5] Group 6: Financial Adjustments in the Market - The margin financing and securities lending rates for SMIC and Beken Technology have been adjusted back to 70% and 50%, respectively, after previously being set to zero due to high static P/E ratios [6] - Wentech Technology announced that its control over Anshi Semiconductor is temporarily limited due to a ministerial order from the Dutch government, affecting operational efficiency but not economic rights [7] Group 7: Shareholder Actions - China Unicom plans to reduce its shareholding by up to 1.20% through various trading methods, aiming to optimize its capital structure while maintaining a positive outlook on the company's future [8] - CATL has repurchased 15.99 million shares for a total of RMB 4.386 billion, representing 0.3629% of its total A-share capital [9] Group 8: Commodity Pricing - Northern Rare Earth announced that the trading price for rare earth concentrate for Q4 2025 will be adjusted to RMB 26,205 per ton, reflecting a 37.13% increase from the previous quarter [10]

中国基金报记者 闻言 10月12日晚间，闻泰科技发布公告称，近期，公司子公司安世半导体有限公司以及安世半导体控股有限公司（以下合称安世）收到荷兰经 济事务与气候政策部下达的部长令（Order）和阿姆斯特丹上诉法院企业法庭（ 以下 简称企业法庭）的裁决。 闻泰科技方面向记者表示，闻泰科技作为安世半导体的合法股东，坚决反对这种不公正的待遇。公司将运用一切合法合规的手段，坚定不移地维护自身股 东权利和公司利益。相信公正的法律和市场规则终将得到伸张，当前不合理的干预无法持久。 闻泰科技方面称，公司呼吁各方应尊重商业规律和全球半导体产业的共生关系，停止将企业作为地缘政治博弈的棋子。一个碎片化、政治化的全球供应 链，最终将损害所有参与者的利益。 公告显示， 目前安世 的 日常经营仍在持续运转，但受上述部长令和企业法庭裁决的影响，短期内将面临决策链条临时变更/延长、资源配 置灵活度下降等情况，可能会对运营效率 产生 一定 程度的 影响。 同时，企业法庭做出的裁决直接导致 裕成控股有限公司 （以下简称 裕成控股 ）除了保留的一股之外，暂时失去对安世半导体控股有限公 司享有的剩余99股的股东权利（如治理权和投票权等）。 【 导 ...

Core Viewpoint - Wentech Technology (600745) announced important information regarding the resumption of trading for its stock and convertible bonds, effective October 13, 2025, following a recent ministerial order and court ruling affecting its subsidiary, Anshi Semiconductor [2][3]. Group 1: Trading Resumption - Wentech Technology's stock and convertible bonds (Wentech Convertible Bonds, code: 110081) will resume trading on October 13, 2025, after being suspended since October 10, 2025 [2][3]. - The convertible bonds will also resume conversion rights on the same date [2][3]. Group 2: Legal Developments - Anshi Semiconductor and its holding company received a ministerial order from the Dutch Ministry of Economic Affairs and Climate Policy on September 30, 2025, prohibiting any adjustments to their assets, intellectual property, business, and personnel for one year [3][4]. - On October 1, 2025, Anshi's management submitted an urgent request to the corporate court for an investigation and temporary measures, leading to immediate emergency measures including the suspension of certain executive roles [4][5]. Group 3: Court Rulings - The corporate court ruled on October 7, 2025, to temporarily suspend specific executive positions and appointed an independent foreign individual as a non-executive director with decisive voting rights [5][6]. - The court also mandated that the shares of Anshi Semiconductor be managed by a designated third party for management purposes [6]. Group 4: Operational Impact - Despite the legal challenges, Anshi's daily operations continue, although the company anticipates temporary changes in decision-making processes and resource allocation, potentially affecting operational efficiency [7]. - The company retains economic rights as a shareholder, but its control over Anshi Semiconductor is currently limited [7]. Group 5: Financial Performance - In the first half of 2025, Wentech Technology reported revenue of 25.341 billion yuan, a decrease of 24.56% year-on-year, while net profit attributable to shareholders increased by 237.36% to 474 million yuan [8].