他，30岁怀揣10万元创业，最终以338亿惊天并购，将百年欧洲半导体名门收入麾下。五年整合，他将 企业推进行业全球三强。在荣获本年度华人奖唯一的"企业家成就奖"之际，让我们回顾闻泰科技、安世 半导体董事长张学政如何书写中国半导体产业的突围史——他用民营企业家的魄力与远见，成为照亮中 国高科技产业出海之路的华人之光。 此次获奖，是对张学政勇于突破、坚守信念的肯定，更是对他作为华人之光、民营企业家楷模的致敬。 他的经历昭示，在全球化与地缘博弈交织的今天，中国企业家既需商业智慧，更要有穿越周期的战略定 力。而张学政，正以一生践行这种精神，成为激励无数民营企业家逐梦全球的榜样。 【免责声明】本内容为广告，相关素材由广告主提供，广告主对本广告内容的真实性负责。本账号发布 目的在于传递更多信息，并不代表本账号赞同其观点和对其真实性负责，广告内容仅供读者参考。 30岁那年，他凭借10万元积蓄创立闻泰科技，凭着"敢闯敢拼、不服输"的韧劲杀出重围。2006年从IDH 业务起步，仅一年做到国内第一；2008年转型ODM，七年后登顶全球手机ODM榜首，用"中国速度"印 证了民营企业家"敢想敢拼、善作善成"的特质。 怀揣"让中国半导 ...

Core Viewpoint - The Dutch Minister of Economic Affairs, Karremans, has canceled his planned visit to China, originally scheduled for December, citing scheduling conflicts, amidst ongoing tensions regarding the semiconductor company Nexperia [1][2]. Group 1: Company Overview - Nexperia, headquartered in Nijmegen, Netherlands, is a subsidiary of Wingtech Technology, focusing on discrete and logic devices, and was previously a division of NXP Semiconductors before becoming independent in 2017 and acquired by Wingtech in 2019 [4]. - Nexperia is projected to generate approximately 14.7 billion yuan in revenue in 2024, accounting for about one-sixth of Wingtech's total revenue [4]. - The company's chips, while not cutting-edge, are produced in large quantities, primarily in Hamburg, Germany, and are essential for the global automotive industry, with clients including BMW and Volkswagen [4]. Group 2: Government Actions and Reactions - On September 30, the Dutch government invoked the "Goods Availability Act" to take control of Nexperia, citing national security concerns, but this action was publicly disclosed only on October 12 [4]. - The intervention has caused significant disruptions in the global automotive supply chain, leading to a chip supply crisis for manufacturers in the US, Europe, and Japan [4]. - Despite facing criticism domestically for unilateral actions, Karremans maintains that the situation is a matter of national security [1][2]. Group 3: Diplomatic Developments - Following the backlash, Karremans announced that a Dutch government delegation would visit China to seek resolutions regarding Nexperia on November 13 [5]. - On November 19, he stated that the Dutch government would take constructive measures to suspend its intervention in Nexperia, indicating that recent talks with China were aimed at demonstrating goodwill [5]. - The Chinese government has emphasized that the root cause of the semiconductor supply chain disruption lies with the Dutch government's actions and has called for constructive solutions to restore stability [6].

Group 1: Domestic News - The China Passenger Car Association reported that the subsidy policy encourages mid-to-low-end economic vehicles, leading to a recovery in this segment [2] - The association noted that with the promotion of scrapping and trade-in subsidies, new energy vehicles receive higher subsidies compared to fuel vehicles, benefiting lower-priced models [2] Group 2: Energy Storage and Technology - A semi-solid lithium battery energy storage project in Wuhai, Inner Mongolia, has successfully connected to the grid, marking a significant milestone in China's semi-solid storage technology [3] Group 3: International News - Russia's automotive production has decreased by 12% in the first ten months of the year, with over 677,000 vehicles produced, indicating severe challenges in the automotive sector [4] Group 4: European Union Policies - The European Commission plans to announce measures to reduce reliance on Chinese raw materials, aiming to enhance self-sufficiency in European industry [5] Group 5: Automotive Industry Developments - Tata Motors, Mahindra, and Hyundai have called on the Indian government to remove emission incentives for small cars, arguing that such policies could hinder electric vehicle development [6] - German Chancellor Merz has urged the EU to relax the 2035 ban on fuel vehicles, citing the need for greater flexibility for automakers amid increasing competition from Chinese companies [7] Group 6: Corporate News - Wentech Technology has appealed to the Dutch Supreme Court to regain control over Nexperia, a semiconductor manufacturer, following a government intervention [8] - Xiamen King Long Motor Group announced the resignation of Vice President Wu Wenbin, effective December 1, 2025, due to retirement [10] - SAIC Group's subsidiary plans to establish an investment fund focused on the smart electric vehicle industry, with an initial capital commitment of 1.09 billion yuan [11] - Dong'an Power reported a 21.83% year-on-year increase in engine sales for November, with total sales reaching 390,500 units for the year [12] - Lichung Group signed a technical agreement for the processing of humanoid robot components, focusing on material selection and design [13] - Changhua Group received a development notification from a domestic automaker, with an expected total sales amount of approximately 732 million yuan over the project's lifecycle [14]

Domestic Macro - The National Cooperative Federation of China held its eighth congress on November 24, emphasizing the need for comprehensive reform and development in cooperative services [1][4] - The People's Bank of China announced a 10,000 billion yuan MLF operation on November 25, with a net injection of 1,000 billion yuan to maintain liquidity in the banking system [1][4] - The State Council launched the 14th National Policy Promotion Week to reduce the burden on enterprises on November 25 [1][4] - The National Data Bureau initiated pilot projects for data resource development in 12 state-owned enterprises, focusing on traditional and emerging sectors [1][4] - The Ministry of Commerce and five other departments issued a plan to enhance the adaptability of supply and demand in consumer goods, aiming for significant improvements by 2027 [1][4] Industry Policies - The Ministry of Housing and Urban-Rural Development announced a focus on urban renewal actions in four key areas on November 21 [2][5] - The Ministry of Industry and Information Technology launched commercial trials for satellite IoT services on November 22, supporting the development of new industries [2][5] - The Ministry of Industry and Information Technology initiated the creation of national emerging industry development demonstration bases, aiming to establish around 100 parks and 1,000 enterprises by 2035 [2][5] - The National Space Administration released an action plan to promote high-quality development in commercial aerospace on November 25 [2][5] Local Policies - The Shanghai Municipal Government issued measures to deepen the reform of drug and medical device regulation to promote high-quality development in the pharmaceutical industry on November 24 [6][18] - The Guizhou Provincial Development and Reform Commission held a meeting to address price competition issues on November 25 [6][18] - Guangdong Province introduced a financial support plan for enterprises to conduct industry chain integration and mergers on November 26 [6][18] Overseas Dynamics - The Chinese Foreign Ministry urged Japan to fulfill its commitments to China in practical actions on November 21 [7][20] - The G20 leaders' summit concluded on November 23, emphasizing multilateral cooperation and common development [7][20] - The European Parliament approved the "European Defense Industrial Plan" on November 25, aimed at strengthening the EU's defense capabilities [7][20] - The New Zealand Reserve Bank lowered its benchmark interest rate by 25 basis points to 2.25% on November 26, indicating potential further easing [7][20]

Core Viewpoint - Wentech Technology has appealed to the Dutch Supreme Court against the Amsterdam Enterprise Court's decision to strip its subsidiary, Nexperia, of control, claiming the ruling was made without proper consideration of its arguments and under government influence [1][3]. Group 1: Legal and Corporate Actions - The Amsterdam Enterprise Court made a unilateral decision to suspend Nexperia's former CEO and place the company's shares under the control of a Dutch lawyer, citing concerns over potential IP and business transfer to China [3][4]. - Nexperia China accused Nexperia Netherlands of misleading the public and obstructing business operations by deleting employee emails and restricting IT access [5][6]. - The Chinese Ministry of Commerce issued an export control announcement prohibiting Nexperia's subsidiaries in China from exporting certain components [3]. Group 2: Supply Chain and Operational Impact - Nexperia China reported that it has shipped 7.4 billion chips since mid-October to supply 515 global customers, despite ongoing disruptions caused by Nexperia Netherlands [5][6]. - Nexperia Netherlands has halted the supply of wafers to Nexperia China and has failed to fulfill over 1 billion RMB in service fees, further complicating the supply chain [6]. - Nexperia Netherlands plans to invest over $300 million in capacity expansion in Malaysia, indicating a strategic shift away from Nexperia China, which could have long-term negative effects on the global semiconductor supply chain [6].

Group 1: Market Performance - The China Securities Intelligent Vehicle Theme Index (930721) rose by 2.20% as of December 1, 2025, with component stocks such as Guanghetong (300638) increasing by 20.01% and Beijing Junzheng (300223) by 17.04% [1] - The Intelligent Vehicle ETF Fund (159795) also saw a rise of 2.14%, marking its third consecutive increase, with a latest price of 1.05 yuan [1] - Over the past week, the Intelligent Vehicle ETF Fund has accumulated a rise of 3.63% [1] Group 2: Company Developments - Leap Motor reported a record high delivery of 70,327 units in November, representing a year-on-year growth of over 75%, maintaining a growth trend for nine consecutive months [3] - Xiaomi Group announced the launch of its embodied AI model MiMo-Embodied, which integrates autonomous driving and embodied intelligence, with Xiaomi's vehicle deliveries exceeding 40,000 units in November [3] - Great Wall Motors introduced the VLA auxiliary driving model and previewed a new generation of the auxiliary driving system, CPMaster [3] Group 3: Investment Insights - Ideal Auto plans to invest 12 billion yuan in R&D for 2025, with over 6 billion yuan allocated to AI [4] - According to GF Securities, as overseas automakers lose market share, they are accelerating their smart technology advancements to enhance competitiveness, while Chinese brands are positioned to benefit from global opportunities in the intelligent vehicle supply chain [4] - The integration of intelligent vehicles and robotics is expected to expand the valuation ceiling of the sector, with the Intelligent Vehicle ETF Fund closely tracking the performance of leading companies in intelligent vehicle applications [4] Group 4: Index Composition - As of September 9, 2025, the top ten weighted stocks in the China Securities Intelligent Vehicle Theme Index (930721) include Chipone (688521), Luxshare Precision (002475), and Top Group (601689), collectively accounting for 48.47% of the index [4][5]

Group 1 - Artificial intelligence (AI) has become an essential element across various industries, driving significant transformations and promoting high-quality economic development [1] - The "AI+" initiative is being accelerated by multiple policy measures in China, with a focus on developing new intelligent terminals and applications [1] - By 2027, China aims to establish three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots, encouraging the development of AI-enabled products [1] Group 2 - The AI sector is projected to contribute over one hundred trillion yuan to the global economy by 2030, marking it as a key growth driver [2] - The intelligent agent market is expected to reach 3.3 trillion yuan by 2028, with China's AI terminal market sales projected to reach 1.48 trillion yuan by 2030, reflecting a compound annual growth rate of 37.33% from 2024 to 2030 [2] Group 3 - There are over 260 AI-related concept stocks in the A-share market, with 17 stocks having doubled in value this year [3] - Among AI application concept stocks, 80 have reported a net profit growth of over 20% year-on-year in the first three quarters, with 22 stocks expected to maintain a net profit growth rate exceeding 20% from 2025 to 2027 [3] - Many of the high-growth potential AI application stocks have significant upside potential, with 15 stocks showing an upside of over 20% [3] Group 4 - Wen Tai Technology has an upside potential of 62.57%, with a net profit of 1.513 billion yuan in the first three quarters, reflecting a year-on-year growth of 265.09% [4] - Yu Chip Technology has an upside potential of 56.36%, achieving a net profit of 152 million yuan, a year-on-year increase of 113.85% [4] - Yutong Optical has an upside potential of 50.79%, with a net profit of 188 million yuan, growing by 40.99% year-on-year [4]

Core Viewpoint - The dispute over control of Nexperia by Wingtech is a significant issue affecting the stability of the global semiconductor supply chain, with the unlawful deprivation of Wingtech's rights being the root cause of current disruptions [2][3][7]. Group 1: Control Rights and Supply Chain Stability - The unlawful deprivation of Wingtech's control and shareholder rights over Nexperia is identified as the root cause of chaos in the global semiconductor supply chain, as highlighted by China's Ministry of Commerce [2][3]. - Nexperia is a critical player in the global semiconductor supply chain, with its products integral to various sectors, including new-energy vehicles and industrial automation [7][8]. - If the control dispute remains unresolved, it could lead to significant supply chain disruptions for numerous customers, affecting production schedules and overall market competitiveness [9][10]. Group 2: Communication and Resolution Efforts - Wingtech has expressed a willingness to engage in constructive communication with Nexperia to restore its lawful control and resolve the dispute, contrary to claims made by Nexperia [4][5][6]. - The Chinese government has shown support for Wingtech, emphasizing that the ruling stripping Wingtech of its control is a key obstacle to resolving the issue [15][16]. Group 3: Urging Action from Nexperia - Wingtech urges Nexperia to cease distorting facts and to address the core issues directly, recognizing that the control dispute is the fundamental cause of supply chain instability [21][22]. - The company calls for immediate dialogue and constructive proposals from Nexperia regarding the restoration of Wingtech's control and shareholder rights [23][24].

Core Viewpoint - The statement from the company emphasizes the ongoing control dispute over Anshi Semiconductor and its implications for the global semiconductor supply chain stability, attributing the chaos to the actions of the Dutch side [1][3]. Group 1: Control Dispute - The company asserts that the control and shareholder rights of Wentech Technology as the sole legal shareholder of Anshi Semiconductor have been unlawfully stripped by Anshi Netherlands through improper litigation, which is a root cause of the current instability in the global semiconductor supply chain [3][4]. - The company highlights that Anshi Semiconductor plays a critical role in the global semiconductor supply chain, with its products being essential for various sectors, including electric vehicle power control systems and industrial automation [3][4]. Group 2: Communication and Negotiation - The company denies claims made by Anshi Netherlands regarding a lack of substantial response from the Chinese side, stating that it has actively sought constructive communication to resolve the control dispute since it began [3][4]. - The company criticizes Anshi Netherlands for avoiding the core issue of restoring control rights and instead focusing on discussions about "corporate governance" and "cooperation" without addressing shareholder rights [4]. Group 3: Call to Action - The company urges Anshi Netherlands to cease misleading actions and to acknowledge the fundamental issue of the control dispute that is causing supply chain chaos, while also calling for constructive solutions to restore legal control rights [4]. - The company expresses its commitment to maintaining global semiconductor supply chain stability and encourages all parties to rationally assess risks in the complex international environment [4].

Core Points - The Shanghai Stock Exchange announced adjustments to various indices, including the Shanghai 50 and Sci-Tech 50, effective December 12, with specific stocks being added and removed from these indices [1][5][9] - The Shenzhen Stock Exchange will also adjust its indices, including the Shenzhen Component Index and ChiNext Index, with changes effective December 15 [5][7] - The China Securities Regulatory Commission (CSRC) is drafting regulations to promote the development of Real Estate Investment Trusts (REITs) and improve the capital market [9][10] Company News - Oriental Precision Engineering plans to sell its 100% stake in Fosber Group and two other companies for a total of €774 million, which is expected to constitute a major asset restructuring [13] - ST Lifan announced a temporary suspension of its stock trading due to serious financial misconduct, with potential delisting implications if confirmed [14] - Chaozhuo Aerospace reported a share transfer agreement that will change its controlling shareholder to a state-owned entity [15] - Cambrian Technologies appointed Chen Tianshi as the new chairman of its board, holding a significant share of the company [20] Industry Insights - The Ministry of Industry and Information Technology highlighted the rapid growth of China's power and energy storage battery industry, emphasizing the need for regulatory measures to address irrational competition and enhance quality control [11][21] - The semiconductor industry is facing challenges, with a focus on the control dispute involving Wentai Technology and its subsidiary, which is critical for global supply chain stability [16][17][18]