Core Viewpoint - The dispute over the control of Nexperia is a significant issue affecting the stability of the global semiconductor supply chain, with the company emphasizing its role as the legitimate shareholder and the need for resolution to prevent further disruption [1][2][3]. Group 1: Control Rights and Supply Chain Stability - The illegal deprivation of control rights and shareholder interests of the company is identified as the root cause of the current chaos in the global semiconductor supply chain [1][2]. - The company has expressed a willingness to engage in constructive communication with Nexperia Netherlands to restore its legal control rights and resolve the ongoing dispute [2][3]. - The control rights dispute is deemed a major issue that could impact hundreds of thousands of customers and the safety of supply chains across dozens of countries [3]. Group 2: Urgency for Resolution - Restoring the company's legal control rights and ensuring shareholder rights are seen as fundamental to resolving the current challenges in the global semiconductor industry [3][6]. - The company has made multiple attempts to communicate its core demands and willingness to negotiate, but Nexperia Netherlands has consistently avoided addressing the fundamental issues [4][5]. - The company urges Nexperia Netherlands to acknowledge the core problems and engage in dialogue to safeguard the stability of the semiconductor supply chain [5][6].

如果您希望可以时常见面，欢迎标星收藏哦~ Nexperia BV 在官方网站表示，多次尝试通过传统渠道建立直接沟通后，发表了这封公开信。 Nexperia持续寻求与中国境内实体开展建设性合作，并一直要求进行公开对话，以寻求恢复正常 货物供应的途径。Nexperia BV已多次尝试通过正式和非正式的方式，包括电话、电子邮件和提议 会面等直接沟通，提出各种合作方案以寻求互利共赢的解决方案，甚至发出正式函件要求其履行权 利，以期与中国境内实体重建对话。 遗憾的是，Nexperia并未收到任何实质性回复。我们敦促您积极回应Nexperia的沟通，并以建设 性的态度参与其中，以期恢复供应链，因为这符合所有相关方的利益，尤其是我们的客户。 鉴于此，我们不得不公开沟通，以强调此事的紧迫性。 Nexperia始终致力于保持透明度，确保业务连续性，并维护全球客户、供应商、员工和利益相关 者的利益。我们欢迎中国政府承诺为Nexperia中国工厂及其分包商恢复出口提供便利，从而保障 我们的产品能够持续供应全球市场。 然而，各行各业的客户仍然反映即将停产。 这种情况不能再继续下去了。因此，我们敦促Nexperia在华实体领导层立即采 ...

Core Viewpoint - The statement from Wentech Technology highlights the ongoing control dispute over Nexperia Semiconductor and its implications for the global semiconductor supply chain stability [2] Group 1: Control Dispute - Wentech Technology asserts that its control and shareholder rights over Nexperia Semiconductor have been unlawfully deprived, which is a root cause of the chaos and turmoil in the global semiconductor supply chain [2] - The control dispute between Wentech Technology and Nexperia Semiconductor is deemed a significant issue concerning the stability of the global semiconductor supply chain [2] Group 2: Call for Resolution - Restoring Wentech Technology's legitimate control and safeguarding shareholder rights is identified as fundamental and critical to resolving the current challenges in the global semiconductor industry [2] - Wentech Technology criticizes Nexperia Netherlands for evading core issues and lacking sincerity in communication [2] - The company urges Nexperia Netherlands to acknowledge the problems and work together to protect the stability of the semiconductor industry [2]

Group 1 - Nexperia is seeking constructive cooperation with its entities in China and has attempted multiple formal and informal communications to resume normal supply chains, but has not received substantial responses [4][6][12] - The Chinese Ministry of Commerce indicated that the Dutch government's improper administrative and judicial interventions regarding Nexperia have not been lifted, contributing to ongoing uncertainties in the global semiconductor supply chain [6][12] - The Dutch government has announced a temporary suspension of its intervention in Nexperia, but the core issue of wafer supply remains unresolved [10][11][16] Group 2 - The chip spot market has seen an increase in supply recently, particularly for batch 2540+, with demand still present but at lower accepted prices, primarily driven by foreign trade [14][16] - Market conditions have shifted from a period of quiet observation to a gradual recovery, with increased supply but significant price differentiation among different chip types [14][16] - Original factory prices have risen by over 30% for system orders, leading to some demand suppression among end customers [15][16]

Core Viewpoint - The recent open letter from Nexperia B.V. (Nexperia) emphasizes the urgent need for constructive dialogue with its Chinese entities to restore the supply chain, as clients are facing imminent production halts due to ongoing disruptions [1][2]. Group 1: Nexperia's Position - Nexperia has expressed its commitment to constructive cooperation with its Chinese entities and has made multiple attempts to re-establish dialogue to restore normal supply chains [1]. - The company has called for immediate action from the leadership of its Chinese entities to engage in structured negotiations and restore predictable supply flows, including production schedules and delivery timelines [1]. - Nexperia has indicated that it continued to supply wafers to its Chinese factories during the export restrictions in October, contradicting earlier statements about halting supplies [2]. Group 2: Chinese Government's Response - The Chinese Ministry of Commerce has stated that the root cause of the current disruptions in the global semiconductor supply chain lies with the Dutch side, urging for constructive solutions from the Netherlands [3]. - The Chinese government has taken responsible measures to maintain and restore stability in the global semiconductor supply chain, despite ongoing uncertainties [3]. - Both Chinese and European officials have agreed that companies should lead the resolution of the Nexperia issue and have committed to encouraging constructive communication between Nexperia's Dutch and Chinese entities [3].

Core Viewpoint - The article discusses the ongoing "Anshi Chaos" involving ASML and the Dutch government's actions, highlighting the complexities of international relations and the implications for Chinese companies in the semiconductor industry. Group 1: Background of the Incident - The European Commission's trade and economic security commissioner expressed gratitude to China for its efforts in resolving the ASML semiconductor issue and indicated a willingness to work together to de-escalate tensions [1] - The Dutch Minister of Economic Affairs announced the suspension of regulatory decisions regarding ASML in response to China's "goodwill," which has been interpreted by many foreign media as a return of control to ASML [1] - Despite the suspension, the underlying issues that triggered the "Anshi Chaos" remain unresolved, indicating that the situation is far from over [1][2] Group 2: Legal and Administrative Developments - The Dutch administrative order has been challenged in court, and the suspension does not alleviate the immediate concerns of Wintech Technology, which is still facing restrictions on its rights [2][4] - The Dutch government's statement regarding the suspension was poorly formatted and lacked clarity, raising questions about its legitimacy [3] - Wintech Technology criticized the Dutch government's response as inadequate, emphasizing that the core issues have not been addressed [4][5] Group 3: International Relations and Strategic Implications - The article suggests that the "Anshi Chaos" may have been a calculated move influenced by external forces, particularly the United States, to undermine China's semiconductor capabilities [7][8] - Evidence indicates that the Dutch government had been in discussions with the U.S. regarding semiconductor regulations prior to the incident, suggesting a coordinated effort to limit China's technological advancements [9][10] - The relationship between the Netherlands and China has been complex, with significant trade growth, yet the Dutch government is increasingly succumbing to U.S. pressure regarding semiconductor exports [20][21] Group 4: Future Considerations for Chinese Companies - The article emphasizes the need for Chinese companies to adapt and strengthen their international strategies in light of the challenges posed by foreign regulatory actions [30][39] - It calls for a coordinated response from the government, enterprises, and society to enhance China's capabilities in dealing with international pressures and to protect the rights of Chinese companies abroad [30][41] - The importance of developing a robust legal and operational framework to safeguard against similar incidents in the future is highlighted, suggesting that a proactive approach is essential for maintaining competitiveness in the global market [40][41]

Core Viewpoint - The article discusses the ongoing communication issues between Nexperia's Dutch and Chinese subsidiaries, highlighting the impact on the global semiconductor supply chain and the automotive industry due to a recent takeover by the Dutch government [1][3]. Group 1: Communication Issues - Nexperia's Dutch subsidiary has made multiple attempts to re-establish dialogue with its Chinese counterpart but has received no substantial response [1]. - The Chinese parent company, Wingtech Technology, has urged Nexperia Netherlands to address control issues and propose constructive solutions to restore Wingtech's legitimate control and shareholder rights [3]. Group 2: Impact on the Automotive Supply Chain - The takeover has led to a significant disruption in the global automotive supply chain, with manufacturers in the US, Europe, and Japan facing chip shortages, forcing adjustments in production plans [4]. - Nexperia's chips, while not cutting-edge, are produced in large quantities and are essential for major automotive clients like BMW and Volkswagen [4]. - In response to the crisis, Wingtech has initiated measures to secure domestic supply chains to ensure the availability of products for local customers [4].

格隆汇11月28日｜闻泰科技直线拉升，跌幅缩窄至0.5%。消息面上，荷兰安世半导体当地时间11月27 日发布致安世中国领导层的公开信，称通过常规渠道的多次直接沟通安世中国均未奏效，呼吁安世中国 领导尽快回应，以建设性的方式参与对话，着力恢复供应链，以及下一步确保与公司治理保持一致，遵 循安世半导体全球管理层的合法指令。 ...

Core Viewpoint - The Dutch government's takeover of the Chinese-controlled company Nexperia has led to a supply chain crisis, with the Dutch side now portraying itself as a victim despite the disruption caused to global semiconductor supply chains [1][3]. Group 1: Company Actions and Responses - Nexperia's Dutch subsidiary claimed it attempted multiple times to communicate with its Chinese counterpart but received no substantial response [1]. - On November 23, Nexperia's parent company, Wingtech Technology, urged the Dutch side to respond constructively to restore control and ensure global supply chain stability [1][4]. - Following the Dutch government's takeover, Wingtech took independent actions to secure its domestic supply chain and ensure operations continued without external interference [4][7]. Group 2: Impact on Global Supply Chains - The Dutch government's actions have triggered a significant disruption in the global automotive supply chain, affecting manufacturers in the US, Europe, and Japan, leading to production adjustments [3][4]. - Nexperia's chips, while not cutting-edge, are produced in large quantities and are critical for major automotive clients like BMW and Volkswagen [3]. - The crisis has highlighted the fragility of global semiconductor supply chains, with many companies facing severe challenges due to the disruption [7][9]. Group 3: Diplomatic and Regulatory Developments - The Dutch government announced on November 19 that it would take constructive measures to suspend its intervention in Nexperia, indicating a potential shift in the situation [7]. - Chinese officials have emphasized that the root cause of the supply chain chaos lies with the Dutch government, urging for a responsible approach to resolve the issues [9]. - Discussions between Chinese and European officials have focused on the need for constructive communication between Nexperia's Dutch and Chinese entities to find long-term solutions [8][9].

Core Insights - The electronic sector has seen a significant inflow of over 10.7 billion in capital, driven by a new consumption promotion plan issued by six government departments [1][4] - The electronic ETF (515260) experienced a peak increase of 3.53% in early trading, ultimately closing with a slight gain of 0.16%, marking a three-day consecutive rise [1][4] Sector Performance - Leading companies in the consumer electronics segment, such as Anker Innovations, surged over 4%, while semiconductor leaders like Wentai Technology and Zhaoyi Innovation also saw gains exceeding 2% [3][4] - Notable stocks included Cambrian, which rose by 5%, and Industrial Fulian, which peaked at over 7% during trading [3][4] Policy Impact - The Ministry of Industry and Information Technology and other departments released a plan to enhance the adaptability of consumer goods supply and demand, encouraging the development of smart appliances and AI products [4][5] - This policy is expected to benefit the consumer electronics sector significantly [4] Industry Outlook - Global tech giant Google has garnered attention due to technological breakthroughs and performance growth, with its supply chain accounting for 21.91% of the electronic ETF's index as of the end of October [5] - The electronic industry is currently in an innovation phase, with expectations for rapid growth driven by breakthroughs in terminal innovation and performance release [5] Investment Tools - The electronic ETF (515260) and its linked funds are designed to passively track the electronic 50 index, focusing on sectors like semiconductors and consumer electronics [5]