Core Viewpoint - The Amsterdam Enterprise Court upheld the suspension of Nexperia's CEO, Zhang Xuezheng, and allowed the European interim management team to remain in place, initiating a formal investigation into alleged mismanagement, which may prolong the ongoing crisis affecting the automotive chip supply in Europe [1][2][4]. Group 1: Court Ruling and Investigation - The court's ruling allows for a formal investigation into Nexperia's management practices, which could take over six months due to the complexity of the issues involved [2]. - The investigation will focus on the actions of Nexperia's Chief Legal Officer, Chief Operating Officer, and Chief Financial Officer to determine if there has been mismanagement and if final measures are necessary [2][5]. - The court's decision to maintain temporary measures against Nexperia while acknowledging the need for further investigation has been criticized as contradictory and damaging to the company's operations [5]. Group 2: Impact on the Semiconductor Industry - The ongoing dispute has disrupted the supply of standardized chips crucial for automotive production, affecting major manufacturers like Honda and Mercedes-Benz, which have had to halt production of certain models [6]. - The crisis highlights the precarious position of Europe amid the geopolitical tensions between the U.S. and China, particularly regarding trade and technology dominance [6][7]. - The situation has raised concerns about the stability of the global semiconductor supply chain, with potential negative impacts on the economy due to the intertwined operations of Nexperia across Europe and China [7][8]. Group 3: Responses from Stakeholders - Nexperia's majority shareholder, Wingtech Technology, expressed strong disappointment with the court's ruling and plans to pursue all legal avenues to regain control and governance of the company [1][4]. - The Chinese government has reiterated its stance that the root of the issue lies in improper administrative intervention by the Dutch authorities, urging for a resolution to maintain stability in the global semiconductor supply chain [1][4]. - Analysts believe that the investigation will prolong the struggle for control over Nexperia, further complicating the semiconductor supply crisis in the automotive sector [6].

Core Viewpoint - The Dutch government's ongoing interference in ASML's management has led to significant disruptions in the global automotive supply chain, with a recent court ruling mandating an investigation into the company's management practices and maintaining the suspension of its Chinese CEO [1][4]. Group 1: Court Ruling and Investigation - The Amsterdam Enterprise Court has ordered a formal investigation into ASML's alleged "mismanagement," citing sufficient reasons to question the company's policies and business conduct [1]. - The court's ruling allows the temporary management team in Europe to remain in place while the investigation, expected to last six months, examines ASML's management since 2023 and issues related to supply chain disruptions [1][5]. Group 2: Impact on Stakeholders - ASML's parent company, Wingtech Technology, expressed strong dissatisfaction with the court's decision, stating it would continue to harm thousands of employees and over 25,000 customers, as well as the global supply chain [5]. - Wingtech Technology emphasized that the only viable solution to stabilize ASML and the global supply chain is the immediate and unconditional withdrawal of all temporary measures and the restoration of its shareholder rights [5]. Group 3: Geopolitical Context - Analysts warn that the ongoing situation with ASML could further damage the company's interests and the relationship between the Netherlands and China, urging the new Dutch government to learn from past mistakes in foreign direct investment policies and geopolitical strategies [2]. - The new Dutch government, set to take office on February 23, is expected to adopt a hardline stance towards China, with several members known for their critical views on Chinese investments and influence [6].

【文/观察者网 陈思佳】荷兰政府去年一意孤行，挑起安世半导体纷争，一度引发全球汽车供应链"大地 震"。然而，荷兰仍未从中吸取教训，仍试图插手安世半导体的管理。 当地时间2月11日，荷兰阿姆斯特丹企业法庭作出裁决，下令对安世半导体所谓"管理不善"进行正式调 查。裁决还维持了荷兰政府此前暂停安世半导体中国籍CEO的决定，并允许公司的欧洲临时管理团队继 续留任。 该法庭在裁决中声称，"有充分理由"质疑安世半导体的政策和商业行为，安世半导体当前"主要需要稳 定，以便能够修复其内部关系、生产链以及对客户的交付"。 去年9月30日，荷兰看守政府以所谓"国家安全"为由，援引《货物可用性法案》"强行接管"中国半导体 领军企业闻泰科技（维权）的全资子公司安世半导体，但直至10月12日才对外公开。此举导致安世半导 体的芯片供应中断，引发全球汽车供应链"大地震"。 去年10月，迫于各界压力，荷兰看守政府才宣布暂停对安世半导体的干预。同时，安世（荷兰）和闻泰 科技将此纠纷提交至阿姆斯特丹企业法庭。闻泰科技指控安世（荷兰）的临时管理层扰乱运营、破坏供 应链，并向法庭申请正式撤销看守政府的干预举动。 针对荷兰企业法庭作出的最新裁决，闻泰 ...

Core Viewpoint - The Dutch government's ongoing interference in Nexperia's management, despite previous disruptions to the global automotive supply chain, raises concerns about the company's stability and the broader implications for Dutch-China relations [1][2]. Group 1: Legal and Management Issues - The Amsterdam Enterprise Court has ordered a formal investigation into Nexperia's alleged "mismanagement," maintaining the Dutch government's suspension of the Chinese CEO and allowing the European interim management team to remain [1]. - The court claims there are "sufficient reasons" to question Nexperia's policies and business practices, emphasizing the need for stability to repair internal relations and supply chains [1]. - The investigation will examine Nexperia's management status since 2023 and issues related to supply chain disruptions, expected to last six months [1]. Group 2: Company and Stakeholder Reactions - Nexperia's parent company, Wingtech Technology, expressed strong dissatisfaction with the court's ruling, stating it will continue to harm thousands of employees and over 25,000 customers [5]. - Wingtech Technology insists that the only solution to stabilize Nexperia and the global supply chain is the unconditional withdrawal of all temporary measures and the restoration of its shareholder rights [5]. - The Chinese government has reiterated its stance that the root cause of the Nexperia issue is the Dutch government's improper administrative intervention, urging for a resolution to internal disputes to maintain global semiconductor supply chain stability [5]. Group 3: Political Context and Future Implications - The new Dutch government, set to take office on February 23, is expected to adopt a hardline stance towards China, with several members known for their hawkish views [6]. - Analysts warn that the continuation of the Nexperia case could damage the company's interests, as well as the Netherlands' relations with China [2]. - The Chinese Foreign Ministry has called for the new Dutch government to maintain an objective and rational approach towards China to foster stable bilateral relations and global supply chain stability [6].

上海物流企业护航长三角企业出海 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 据中国网报道，阿曼苏哈尔自贸区多晶硅项目2月5日正式投产，该项目由United Solar Polysilicon (FZC) SPC公司负责，规划年产能10万吨，这是除中国外全球最大的多晶硅项目。这也是多晶硅领域中国标准 首次落地海外——该项目从开工到竣工的整个建设周期，均采用中国标准、技术和装备，由中国企业设 计、施工。 （来源：智通财经） 《出海日报》是智通财经推出的一档新栏目，以简报的形式介绍中国企业在海外的最新动向。2026年2 月9日起，每周一至周五下午17:00发布，逢假日停发。内容截至当天16:00为止，当天之后发生的事件 将归入第二日简报。 多晶硅领域中国标准首次落地海外 据上海市青浦区人民政府消息，在青浦打造"长三角企业入沪出海第一站"的澎湃浪潮中，本地物流企业 正成为连接国内国际双循环的关键节点。日前，上海则一供应链管理有限公司披露其年度发展蓝图：凭 借2025年构建的覆盖亚欧20余国、时效领先行业1-2天的跨境物流网络，企业全年实现"零货损"与98% 服务达成率；2026年，将借力 ...

去年10月，荷兰看守政府已经宣布暂停对安世半导体的干预恶行。同时，安世（荷兰）和闻泰科技将此 纠纷提交至阿姆斯特丹企业法庭。闻泰科技指控安世（荷兰）的临时管理层扰乱运营、破坏供应链，并 据荷兰《电讯报》和路透社消息，当地时间2月11日，荷兰阿姆斯特丹一家上诉法庭作出裁决，下令对 安世半导体所谓"管理不善"进行正式调查。裁决还维持了荷兰政府此前暂停安世半导体中国籍CEO的决 定，并允许公司的欧洲临时管理团队继续留任。 安世母公司闻泰科技在一份声明中表示，对有关决定"极其失望与强烈不满"，强调将继续通过一切法律 途径捍卫自身权益。 闻泰科技重申：唯一能够挽救安世半导体、稳定全球供应链、保护所有利益相关方合法权益的方案，是 立即、无条件撤销全部临时措施，恢复闻泰科技的合法股东权利。 此次争端可以追溯至2025年9月底。当时，荷兰经济事务与气候政策部下达部长令，一度"冻结"安世半 导体的正常运营；随后，企业法庭基于一项紧急申请作出裁决，暂停了张学政在安世半导体的CEO职 务，并限制闻泰科技对安世半导体的控制权。尽管此后荷兰政府部门已撤销了部长令，但企业法庭的裁 决效力仍在，公司控制权陷入僵局。 据北京日报客户端消息， ...

Core Viewpoint - The recent ruling by the Amsterdam Enterprise Chamber regarding Nexperia has not revoked previous interim measures, failing to restore the company's legitimate controlling rights as a shareholder, which has led to profound disappointment and dissatisfaction from the company [2][6][12]. Summary by Relevant Sections Legal Proceedings - The Enterprise Chamber has maintained interim measures that have been in place since October 2025, which are causing irreparable damage to Nexperia, affecting its operations and the interests of over 25,000 customers and the global supply chain [9][10]. - An investigation procedure against Nexperia has been initiated, which is seen as a contradictory ruling since it acknowledges the need for further investigation while upholding measures based on one-sided information [9][10]. Company Position - The company expresses a strong commitment to restoring its legitimate control and governance rights over Nexperia through all legal avenues, emphasizing that this is the only correct path to stabilize the company and the semiconductor industry [14][15]. - The company has noted that the ruling has expanded the investigation to include the current interim management of Nexperia and has confirmed several claims made by the company in the dispute [12][13]. Call for Action - The company urges the Enterprise Chamber to conduct a thorough and fair investigation into the current management's illegal actions, restore the truth, and hold responsible parties accountable [12][13]. - The company reaffirms that the immediate and unconditional revocation of all interim measures is essential to save Nexperia and protect the legitimate rights of all stakeholders [14].

春节临近，安世半导体控制权僵局未见转圜，反而步入更为漫长的第二阶段。 2月11日晚间，闻泰科技公告称，阿姆斯特丹上诉法院企业法庭（以下简称"企业法庭"）于荷兰时间 2026年2月11日作出裁决。企业法庭经审理后，批准了启动正式调查的申请。企业法庭开展调查期间， 公司对安世的控制权仍然处于受限状态。 安世控制权受限，对闻泰科技的影响已从单一事件演变为系统性风险。 安世控制权长期受限，正在对闻泰科技形成多方位冲击。公司业绩预告显示，2025年全年预计亏损额为 90亿元至135亿元；与此同时，公司主体及债项信用评级近期遭遇下调。2月12日开盘，闻泰科技股价一 度触及跌停。 裁决致安世控制权"冻结期"延长 自2024年底宣布剥离产品集成业务之后，闻泰科技战略重心全面向半导体业务倾斜，而安世半导体正是 其半导体板块的核心载体。 闻泰科技公告显示，安世半导体是全球领先的分立与功率芯片IDM龙头厂商，是全球龙头的汽车半导体 公司之一，拥有近1.6万种产品料号。根据芯谋研究数据，2024年安世半导体位居全球功率分立器件营 收第三位，并稳居国内功率半导体公司第一名位置，荣获"中国半导体行业功率器件十强企业"称号。 然而，自20 ...

荷兰法庭最新裁决维持安世半导体临时措施，闻泰科技深夜抗议。昨天晚间，闻泰科技公告称极为失 望、强烈不满。裁决自相矛盾，是基于片面不实信息作出的，持续的临时措施正对安世半导体造成不可 逆损害，危及上万员工、超2.5万家客户及全球产业链利益。公司表示将穷尽法律手段恢复完整控制 权。同日，中诚信国际宣布将闻泰科技主体信用等级由AA-调降至A、评级展望转为负面，"闻泰转 债"债项信用等级同步下调。公司此前披露2025年度业绩预告，预计归母净利润亏损90亿元至135亿元， 核心原因就是安世控制权受限导致的投资损失、资产减值损失。 ...

我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 扫码加我本人微信 闻泰科技2月11日晚间公告，荷兰阿姆斯特丹上诉法院企业法庭最新裁决，批准了荷方正式调查申 请，以及 维持了2025年10月以来对安世采取的临时措施 ，企业法庭开展调查期间，公司对安世 的控制权仍然处于受限状态，且调查时限存在不确定性。同日，闻泰科技主体及相关债项信用等级 被下调。 来源 ： 闻泰 科技 2025年10月13日 ，闻泰科技公告子公司安世 半导体 有限公司以及安世 半导体 控股有限公司收 到荷兰经济事务与气候政策部下达的部长令和阿姆斯特丹上诉法院企业法庭的裁决，标志着闻泰科 技核心子公司安世半导体失控，实际控制人张学政被暂停在安世担任董事职务。 2025年11月19日 ，荷兰经济事务与气候政策部大臣在社交媒体上公开发布声明，上述部长令被 宣布暂停。 2026年1月14日 ，企业法庭就安世的相关争议举行了公开听证会，核心议题为是否应就安世欧洲 管理层提出的指控启动调查，并审议是否撤销法庭此前作出的临时措施，相关临时措施此前导致公 司对安世的控 ...