Group 1 - The Dutch court has ordered a formal investigation into the alleged "mismanagement" of Nexperia, a semiconductor company, and upheld the decision to suspend the Chinese CEO [3] - Nexperia's parent company, Wingtech Technology, expressed strong dissatisfaction with the court's decision and emphasized the need to restore its shareholder rights to stabilize the global supply chain [3] - The dispute dates back to September 2025 when the Dutch Ministry of Economic Affairs issued a ministerial order that temporarily "froze" Nexperia's normal operations, leading to a court ruling that suspended the CEO's position and limited Wingtech's control [3][4] Group 2 - The Dutch government's actions against Nexperia have caused significant disruptions in the global automotive supply chain, affecting manufacturers in the US, Europe, and Japan, leading to adjustments in production plans [4] - The interim management team of Nexperia has been allowed to remain in place, despite the ongoing legal disputes [3] - Wingtech Technology has taken legal action to formally revoke the government's intervention, citing operational disruptions and supply chain damage caused by the interim management [3][4]

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].

Group 1 - The control of Anshi Semiconductor by Wenta Technology remains in a deadlock, entering a prolonged second phase as the Amsterdam Court approved a formal investigation, maintaining the restricted status of control during this period [2][3] - Wenta Technology's performance forecast indicates a projected loss of 9 billion to 13.5 billion yuan for the year 2025, with recent downgrades to its credit ratings due to the ongoing control issues [2][4] - The court's ruling extends the "frozen" status of Anshi's control, with the investigation expanding to include the local management's actions, thereby prolonging the uncertainty surrounding Wenta Technology's control over Anshi [3][4] Group 2 - The impact of Anshi's control restrictions has evolved into a systemic risk for Wenta Technology, significantly affecting its financial performance and operational stability [5] - The company has reported that the control issues have led to substantial disruptions in global production, supply, and sales, threatening its position in the semiconductor supply chain [5][6] - The ongoing control restrictions are expected to have a major adverse effect on the company's 2025 performance, with potential risks related to goodwill from the acquisition of Anshi if the situation remains unresolved [6]

Core Viewpoint - The Dutch court's recent ruling maintains temporary measures against Nexperia, leading to strong protests from Wingtech Technology, which expresses disappointment and dissatisfaction with the decision [1] Group 1: Legal and Regulatory Impact - Wingtech Technology announced its strong discontent with the court's ruling, claiming it is contradictory and based on one-sided, inaccurate information [1] - The ongoing temporary measures are said to cause irreversible damage to Nexperia, threatening the interests of over 10,000 employees and more than 25,000 customers, as well as the global supply chain [1] Group 2: Financial Implications - China Chengxin International downgraded Wingtech Technology's credit rating from AA- to A, with a negative outlook, reflecting concerns over the company's financial stability [1] - The company previously disclosed a profit warning for 2025, expecting a net loss attributable to shareholders between 9 billion to 13.5 billion yuan, primarily due to investment losses and asset impairment linked to the control issues with Nexperia [1]

Core Viewpoint - The article discusses the recent legal developments regarding Unigroup's subsidiary, Nexperia, highlighting the ongoing control issues and the implications for the company's operations and governance [3][8][10]. Group 1: Legal Developments - On February 11, 2026, the Amsterdam Enterprise Court approved a formal investigation into Nexperia, maintaining temporary measures that restrict Unigroup's control over the subsidiary [3][6]. - The court's decision has led to a downgrade in Unigroup's credit rating, indicating increased financial risk due to the ongoing legal issues [3][6]. - The investigation will focus on the actions of Nexperia's local management, with the court appointing independent investigators to oversee the process [7][10]. Group 2: Company Response - Unigroup expressed strong dissatisfaction with the court's ruling, arguing that the temporary measures are damaging to the company and its stakeholders, including employees and customers [8][10]. - The company emphasized its commitment to a transparent investigation, asserting that all actions taken by Unigroup and its leadership have been legal and in the best interest of stakeholders [9][10]. - Unigroup is advocating for the immediate removal of all temporary measures to restore its rightful control over Nexperia, which it believes is essential for stabilizing the global supply chain [10].

Group 1 - The core point of the news is that Wentech Technology's stock price dropped by 5.14% to 33.42 CNY per share, with a trading volume of 1.122 billion CNY and a turnover rate of 2.65%, resulting in a total market capitalization of 41.596 billion CNY [1] - Wentech Technology, established on January 11, 1993, and listed on August 28, 1996, is primarily engaged in real estate development and operation, research and manufacturing of mobile internet devices, and upstream semiconductor products. The revenue composition is 69.00% from smart terminals, 30.88% from semiconductor products, and 0.12% from other sources [1] Group 2 - From the perspective of Wentech Technology's top ten circulating shareholders, Huaxia Fund's Huaxia National Semiconductor Chip ETF (159995) reduced its holdings by 4.0889 million shares in the third quarter, now holding 11.0767 million shares, which accounts for 0.89% of the circulating shares. The estimated floating loss today is approximately 20.0489 million CNY [2] - The Huaxia National Semiconductor Chip ETF (159995) was established on January 20, 2020, with a latest scale of 25.197 billion CNY. Year-to-date returns are 9.94%, ranking 1035 out of 5569 in its category; the one-year return is 49.04%, ranking 952 out of 4295; and since inception, the return is 89.97% [2]

Core Viewpoint - The resolution timeline for the control dispute over Anshi Semiconductor by Wenta Technology remains highly uncertain, as indicated by the recent court ruling [1] Group 1: Legal Proceedings - The Amsterdam Court of Appeal has approved the initiation of a formal investigation into Anshi Semiconductor and has upheld the temporary measures in place since October 2025 [1] - During the investigation period, Wenta Technology's control over Anshi Semiconductor will continue to be restricted [1] Group 2: Company Position - Wenta Technology has stated it will exhaust all legal avenues to regain full control over Anshi Semiconductor [1] - The company acknowledges that the situation is complicated by cross-border legal procedures and geopolitical factors, making the final resolution time and outcome unpredictable [1]

周三，荷兰一家法院下令对安世 半导体 涉嫌管理不当展开正式调查。这家中资芯片企业正处于全球关 键半导体技术争夺的核心。 安世半导体总部位于荷兰，母公司是中国的 闻泰科技 （Wingtech）。该公司一直是中西方对峙的焦 点，其断供风险曾威胁依赖其芯片的 汽车制造 商生产。 ——"焦土政策"—— 在上月的法庭听证会上，安世半导体的律师指控闻泰科技为夺取公司控制权，采取了"焦土政策"。 安世半导体律师杰罗恩?范德施里克（Jeroen van der Schrieck）表示，闻泰科技"正竭尽所能破坏已深陷 危机的安世半导体稳定"。 闻泰科技代表回应称，荷兰方面的干预"令人费解"，导致争端"无端恶化"。 张学政未出席上月听证会。其律师称，此案对他的健康造成影响，他身体状况不足以亲自出庭。 阿姆斯特丹企业法庭在一份声明中表示："法院认为，有充分理由质疑安世半导体的稳健经营政策与商 业行为，并下令展开调查。" 此次调查预计将持续数月。 去年 10 月，该法院在安世半导体争端中已扮演关键角色——当时以管理问题为由，暂停了中国籍首席 执行官张学政（Wing）的职务。 法院称，随着调查启动，上述措施仍将持续生效。 法院在声明中 ...

每经编辑|杜宇 2月12日凌晨，闻泰科技（维权）（SH600745）官方微信号发布关于荷兰企业法庭就安世半导体案件最新裁决的声明。 图片来源：闻泰科技官方微信号 公司表示仍将穷尽一切法律手段，恢复本公司对安世的完整控制权，维护投资者权益。 截至2月12日发稿，闻泰科技报34.18元，跌幅2.98%，市值425.42亿元。 声明称，闻泰科技注意到今日荷兰阿姆斯特丹企业法庭（"企业法庭"）针对安世半导体案件做出最新裁决。企业法庭并未撤销此前的错误决定，未能解除 对安世半导体实施的临时措施，亦未能恢复闻泰科技作为安世半导体股东的合法控制权。企业法庭同时裁定对安世半导体启动调查程序。我司对这一裁决 表示极为失望与强烈不满。 企业法庭一方面维持了2025年10月以来针对我司及张学政先生的错误临时措施——这一措施正在持续、不可逆地摧毁一家原本运营卓越、贡献卓著的全球 半导体领军企业，损害上万名员工、逾2.5万家客户及全球产业链的利益；另一方面却裁定启动所谓"调查程序"，将案件拖入漫长的第二阶段。这是一项自 相矛盾、逻辑断裂的裁决：法庭一面承认相关事项仍有待调查，一面却继续维持基于片面不实信息作出的临时措施；一面认可有必要 ...

2月12日凌晨，闻泰科技（600745）发布关于荷兰企业法庭就安世半导体案件最新裁决的声明。 公告称，闻泰科技注意到荷兰阿姆斯特丹企业法庭针对安世半导体案件做出最新裁决。企业法庭并未撤 销此前的错误决定，未能解除对安世半导体实施的临时措施，亦未能恢复闻泰科技作为安世半导体股东 的合法控制权。企业法庭同时裁定对安世半导体启动调查程序。公司对这一裁决表示极为失望与强烈不 满。 闻泰科技从不惧怕任何公正、透明、全面的调查。恰恰相反,我们热烈欢 迪真正意义上的真相查明。因为真相是闻泰科技最强大的武器。我们坚 信,任何客观、专业、不受地缘政治偏见干扰的调查,最终必将得出唯一 可能的结论：闻泰科技及张学政先生在安世半导体的所有行动，均合法、 合规、合理，且完全符合公司及所有利益相关方的最佳利益，是带领安世 半导体在过去取得成功的最大动力。 任现任管理层继续推动一家原本卓越和成功的公司走向衰败,并在此基础 上进行所谓的"调查"。 On the one hand, the Enterprise Chamber has maintained the erroneous interim measures targeting th ...