Core Viewpoint - The Chinese government strongly opposes the Netherlands' intervention in the operations of Nexperia, a subsidiary of Wingtech Technology, emphasizing the need to maintain global supply chains and protect legitimate rights of Chinese investors [1][2][3]. Group 1: Government Response - The Chinese Ministry of Foreign Affairs reiterated its stance against discriminatory practices targeting specific national enterprises, urging the Netherlands to correct its actions and uphold market principles [2][3]. - The Chinese Ministry of Commerce condemned the Netherlands for broadening the concept of national security and interfering in corporate affairs, which could harm the business environment in the Netherlands [2][3]. - The Chinese government highlighted that the U.S. had previously communicated demands to the Netherlands regarding changes in Nexperia's management structure to avoid sanctions, indicating a broader geopolitical influence on corporate governance [2]. Group 2: Industry Impact - The European Automobile Manufacturers Association (ACEA) warned that the control over Nexperia could lead to severe disruptions in the automotive supply chain, potentially halting production due to a lack of necessary chips [4]. - Reports indicate that some materials from Nexperia are experiencing shortages, price increases, and supply chain disruptions, reflecting the urgency of the situation [5]. - Nexperia is a leading global manufacturer of discrete and power semiconductors, with a significant product portfolio that includes over 16,000 product types, crucial for the automotive industry [5][6]. Group 3: Company Developments - Despite the challenges posed by the loss of control over Nexperia, Wingtech Technology is proceeding with its employee stock ownership plan and aims to stabilize its domestic production capacity, which constitutes 80% of its overall capacity [6]. - Wingtech Technology's stock experienced volatility, initially dropping significantly before recovering with a 4.28% increase on October 17, closing at 38.5 yuan per share [1][6].

来自美国的压力，影响了荷兰政府政策走向，也击碎了安世半导体高管群体之间本就脆弱的互信。在如 何定位安世半导体，怎样发展全球业务等核心议题上，张学政与安世的首席法务官以及首席财务官等出 现严重分裂。 在中国国庆假期里，安世半导体的CEO张学政被暂停行使职权，闻泰科技（600745.SH）对安世的持股 也被托管。闻泰科技耗资334亿人民币控股安世半导体，现在后者正在渐渐脱离掌控。 【独家 | #安世半导体内乱始末#： #安世半导体CEO张学政如何失去控制权#】失意的张学政已经离开了 荷兰。 张学政本意要解聘几位高管，但没想到反被几人联手推翻。 ...

Index Performance - The CSI A500 Index decreased by 3.31% this week, closing at 5392.97 points on October 17 [5] - The average daily trading volume for the week was 8521.04 billion yuan, reflecting a 22.20% decrease compared to the previous week [5] Top Performers - The top ten gainers in the CSI A500 index included: 1. Shanghai Pudong Development Bank (600000.SH) with a gain of 12.50% 2. Agricultural Bank of China (601288.SH) with a gain of 11.57% 3. Huatian Technology (002185.SZ) with a gain of 10.02% 4. Shanghai Jahwa United Co., Ltd. (600315.SH) with a gain of 9.42% 5. Hainan Airport (600515.SH) with a gain of 8.96% 6. Shaanxi Coal and Chemical Industry (601225.SH) with a gain of 8.61% 7. Jiangsu Bank (600919.SH) with a gain of 8.60% 8. Tongwei Co., Ltd. (600438.SH) with a gain of 8.31% 9. Air China (601111.SH) with a gain of 7.63% 10. China Pacific Insurance (601319.SH) with a gain of 7.32% [2] Bottom Performers - The top ten losers in the CSI A500 index included: 1. Shengquan Group (605589.SH) with a loss of 18.04% 2. Wentai Technology (600745.SH) with a loss of 17.17% 3. Betta Pharmaceuticals (300558.SZ) with a loss of 16.98% 4. Leo Group (002131.SZ) with a loss of 16.55% 5. Jinlang Technology (300763.SZ) with a loss of 15.40% 6. Tongfu Microelectronics (002156.SZ) with a loss of 14.98% 7. Yake Technology (002409.SZ) with a loss of 14.35% 8. Lens Technology (300433.SZ) with a loss of 14.26% 9. Zhongding Sealing Parts (000887.SZ) with a loss of 13.99% 10. Robot Technology (300757.SZ) with a loss of 13.95% [2] Fund Performance - All 40 CSI A500 ETFs experienced declines, with notable drops in Huatai-PB's CSI A500 Enhanced ETF and Guolian's A500 Enhanced ETF, both falling over 4% [5] - The total scale of the CSI A500 ETFs fell below 200 billion yuan, with Huatai-PB's fund at 249.03 billion yuan, Guotai's at 226.56 billion yuan, and E Fund's at 221.29 billion yuan [5] Market Insights - Pacific Securities research team suggests a balanced allocation towards low-position sectors, particularly banks and insurance with dividend protection attributes, as well as coal and agriculture sectors benefiting from domestic demand recovery [6] - Guohai Securities research team indicates that uncertainties from trade frictions may lead to a rotation in market styles, with a shift from overvalued growth sectors to undervalued sectors [6]

2025.10. 17 本文字数：4088，阅读时长大约6分钟 作者 | 第一财经 彭海斌 失意的张学政已经离开了荷兰。 在中国国庆假期里，安世半导体的CEO张学政被暂停行使职权，闻泰科技（600745.SH）对安世的 持股也被托管。闻泰科技耗资334亿人民币控股安世半导体，现在后者正在渐渐脱离掌控。 来自美国的压力，影响了荷兰政府政策走向，也击碎了安世半导体高管群体之间本就脆弱的互信。在 如何定位安世半导体，怎样发展全球业务等核心议题上，张学政与安世的首席法务官以及首席财务官 等出现严重分裂。 张学政本意要解聘几位高管，但没想到反被几人联手推翻。 推翻张学政的人 张学政成为安世半导体CEO只有五年时间。 2019年12月，闻泰科技以268.54亿元完成对安世半导体79.98%股权的收购。此后，闻泰科技完成 对安世半导体的100%持股。它动用了多种融资手段，前前后后耗资超过330亿元。 这是中国有史以来最大的半导体收购案，也是中国公司首次收购具有全球领先地位的半导体公司。 2020年3月25日，安世的时任首席执行官 Frans Scheper决定提前退休，并卸任董事会成员。同 时，安世董事会主席张学政担任首席 ...

Core Points - Zhang Xuezheng, CEO of Anshi Semiconductor, has been suspended from his duties amid internal conflicts and external pressures, particularly from the U.S. [1][9] - The management team at Anshi Semiconductor is experiencing severe divisions regarding the company's strategic direction and response to geopolitical pressures [9][11] - The Dutch government has imposed conditions on Anshi Semiconductor, including the requirement for a Dutch board member, which has led to tensions with its parent company, Wentai Technology [12][13] Group 1: Company Background - Anshi Semiconductor was acquired by Wentai Technology for 334 billion RMB, marking the largest semiconductor acquisition in Chinese history [3] - The company was previously part of NXP Semiconductors and has a significant production capacity at its Hamburg facility, producing approximately 700 billion semiconductor chips annually [3] Group 2: Management Changes - Zhang Xuezheng's tenure as CEO began in 2020 after the previous CEO, Frans Scheper, retired [3][4] - Stefan Tilger is currently serving as the acting CEO and CFO, recognized for his professional capabilities [4] - Zhang attempted to dismiss several executives in September 2025, but faced backlash and was ultimately suspended [20][21] Group 3: External Pressures - In January 2023, the U.S., Netherlands, and Japan agreed to impose export controls on semiconductor equipment to China, affecting Anshi Semiconductor's operations [8] - Anshi Semiconductor established a new department to engage with the Dutch government to secure its status as a key player in the semiconductor industry [8][11] Group 4: Governance Issues - The Dutch Ministry of Economic Affairs has raised concerns about Anshi's governance structure, demanding the establishment of a supervisory board with veto powers over critical decisions [13][14] - Wentai Technology has resisted these demands, arguing that they would undermine its control over Anshi Semiconductor [13][14] Group 5: Legal Proceedings - Following Zhang's suspension, legal actions were initiated by the remaining executives, leading to a court ruling that upheld the suspension and placed Anshi's shares under independent management [21][22] - The court proceedings have been characterized by a rapid response, with significant implications for the company's governance and operational autonomy [21][22]

张学政本意要解聘几位高管，但没想到反被几人联手推翻。 失意的张学政已经离开了荷兰。 来自美国的压力，影响了荷兰政府政策走向，也击碎了安世半导体高管群体之间本就脆弱的互信。在如何定位安世半导体，怎样发展全球业务等核心议题 上，张学政与安世的首席法务官以及首席财务官等出现严重分裂。 张学政本意要解聘几位高管，但没想到反被几人联手推翻。 在中国国庆假期里，安世半导体的CEO张学政被暂停行使职权，闻泰科技（600745.SH）对安世的持股也被托管。闻泰科技耗资334亿人民币控股安世半 导体，现在后者正在渐渐脱离掌控。 张学政成为安世半导体CEO只有五年时间。 安世的汉堡工厂生产8英寸的晶圆，每月产能约35000片晶圆，该产量每年转化成700亿颗半导体，使之成为针对小信号和二极管分立器件的全球最大晶圆 厂。 2019年12月，闻泰科技以268.54亿元完成对安世半导体79.98%股权的收购。此后，闻泰科技完成对安世半导体的100%持股。它动用了多种融资手段，前 前后后耗资超过330亿元。 这是中国有史以来最大的半导体收购案，也是中国公司首次收购具有全球领先地位的半导体公司。 他也曾管理安世核心晶圆厂之一的德国汉堡工厂。 ...

更重要的是，荷方应当清楚，美国的"穿透规则"严重冲击国际经贸秩序，严重破坏全球产业链、供应链 安全稳定。随美起舞、充当打手，损害中国投资者的正当权益；背弃契约精神、市场原则，更会破坏所 有国际投资者的信任，瓦解自身发展的基石。全球化时代，任何一国的技术进步和市场发展，都离不开 国际合作与交流。近日，欧洲汽车制造商协会就发文称，若安世半导体的芯片供应中断问题无法立即得 到解决，欧洲汽车制造业可能会受到严重影响，"我们迫切需要所有相关国家迅速提出务实的解决方 案"。可见，想替美国"补刀"，必然先捅到自己身上。 众所周知，某些国家就是依赖暴力和殖民掠夺起家的，直到如今，他们仍痴迷于"拳头的力量"、沉溺 于"丛林法则"。然而，世界早就换了人间。21世纪了，单边霸凌早就行不通了，某些沉迷于"海盗梦"的 人也该醒醒了。 图源：视觉中国 粗暴干预，公然劫掠，明眼人都能看出，荷兰这波操作背后必然有人壮胆、操盘。据荷兰相关法院公开 文件显示，荷美双方曾就"穿透规则"进行过沟通协调，美向荷提出更换安世半导体中方首席执行官及调 整治理结构等要求，以免受"穿透规则"的制裁。闻泰科技（维权）（安世半导体母公司）2024年12月就 被美 ...

Core Viewpoint - The AI PC concept sector experienced a significant decline of 4.54% as of the market close on October 17, with major stocks like Siquan New Materials, Tongfu Microelectronics, and Taijia Co., Ltd. leading the losses, while only two stocks, Wentai Technology and China Software, saw gains of 4.28% and 0.21% respectively [1]. Market Performance - The AI PC concept sector ranked among the top decliners, with a net outflow of 3.884 billion yuan from main funds, affecting 39 stocks, of which 13 saw outflows exceeding 100 million yuan [2]. - The top three stocks with the highest net outflows were Tongfu Microelectronics (net outflow of 682.76 million yuan), Lingyi Technology (577.00 million yuan), and Shenghong Technology (312.87 million yuan) [2][3]. Stock Performance - The stocks within the AI PC concept that experienced the largest declines included: - Tongfu Microelectronics: -9.46% - Lingyi Technology: -6.49% - Siquan New Materials: -12.36% [3]. - Conversely, the stocks with net inflows included Wentai Technology (net inflow of 201.57 million yuan), China Software (18.86 million yuan), and Xinghuan Technology (0.78 million yuan) [4].

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 01 疯狂的安世： 几十K、上百K芯片求购满天飞 自上周五 （10月10日） ，市场上流传 "传 原产于中国的部分或全部安世芯片被禁止出口"的消息 后，芯片现货市场就热闹起来 了 ，部分安世芯片开始逐渐出现被扫货、抢货、暂停报价的情况。 （了 解安世风波时 间线可查看文末"推荐阅读"，这里暂不赘述） 自闻泰发布公告称，荷兰政府冻结其子公司 安世半导体资产后，10月14日，安世半导体官网又透 露了新消息：2025年10月4日，中国商务部发布出口管制通知，禁止安世中国及其分包商出口部 分在中国制造的特定成品组件和子组件。 来源：安世官网 本周初，已经有部分安世芯片出现被扫货、抢货、暂停报价的现象，在接连的重大消息之后，现在 安世芯片在 芯片现货市场 已经 堪称火热。 阅读本文你将了解： 安世的产能情况如何，这次受到多大影响？出现几十K、上百K芯片求购，安 世现在在现货市场什么情况，价格和成交情况有哪些变化？咨询安世替代的人变多，安世有哪些产 品，哪些公司可 ...

Core Insights - The semiconductor sector experienced a decline of 3.8% on October 17, with major losses led by CanSemi Technology, which fell by 11.72% [1][2] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Market Performance - Notable gainers in the semiconductor sector included Huada Technology, which rose by 10.02% to a closing price of 12.96, and Wentai Technology, which increased by 4.28% to 38.50 [1] - Major losers included CanSemi Technology, which closed at 131.10, and Hongwei Technology, which fell to 25.71, marking declines of 11.72% and 10.76% respectively [2] Trading Volume and Capital Flow - The semiconductor sector saw a net outflow of 13.962 billion yuan from institutional investors, while retail investors contributed a net inflow of 8.443 billion yuan [2][3] - The trading volume for Huada Technology reached 1.7892 million shares, with a transaction value of 2.318 billion yuan, indicating strong investor interest despite the overall sector decline [1][3]