公司首席财务官Stefan Tilger担任临时CEO。 10月14日，安世半导体官方披露，公司的首席财务官Stefan Tilger担任临时CEO。此前，闻泰科技向安 世半导体派驻的CEO张学政已经被荷兰企业法庭暂停了相关职务。 ...

此外，中国半导体行业协会将持续关注事态发展，积极倾听会员呼声，并通过一切合法渠道向国际社会 表达中国产业界的共同关切。（记者周圆） 近日，闻泰科技在荷兰的分支机构安世半导体（Nexperia）受到当地政府的干预，引发产业界高度关 注。中国半导体行业协会10月14日发布声明称，对此表示严重关切。 中国半导体行业协会表示，坚定支持会员单位捍卫自身的合法权益，维护公平、公正、非歧视的营商环 境和全球产业链的稳定；反对滥用"国家安全"概念、对中国企业海外分支机构实施选择性和歧视性限制 的做法；针对特定企业的歧视性措施，将破坏开放、包容、协同的全球半导体生态，我们对此坚决反 对。 ...

刚刚，安世官网发布新闻稿表示荷兰企业商会于2025年10月7日举行紧急听证会后，初步认定存在充分理由怀疑Nexperia在前首席执行官张学政领导下的 管理是否健全。企业商会裁定，作为一项立即措施，张学政已被暂停董事职务。因此，张学政不再担任Nexperia首席执行官。 此外，企业商会裁定，闻泰科技股份有限公司（"闻泰科技"）间接持有的Nexperia股份的几乎所有投票权均已置于企业商会任命的独立管理人的管理之 下。 展望未来，首席财务官 Stefan Tilger 将担任临时首席执行官，Achim Kempe 将继续担任首席运营官，首席法律官 Ruben Lichtenberg 将与企业商会 任命为非执行董事的 Guido Dierick 一起担任 Nexperia Holding BV 和 Nexperia BV 的法定董事。 荷兰政府命令 由于同样存在严重的管理缺陷，荷兰经济事务部发现Nexperia在欧洲的业务正受到不可接受的损害。这一情况引发了荷兰政府对欧洲产业关键半导体产品 供应的担忧。 张学政作为首席执行官和（间接）股东的行为，以及对荷兰和欧洲半导体产品供应的担忧，最终导致荷兰政府根据《货物供应法 ...

Group 1 - The AI PC concept sector experienced a decline of 3.94%, ranking among the top losers in the market, with major stocks like Wentaiketech hitting the daily limit down [1] - Among the stocks in the AI PC sector, four stocks saw price increases, with Zhongshi Technology leading at a rise of 12.16%, followed by China Software and Baiwei Storage with increases of 2.23% and 1.59% respectively [1] - The AI PC sector faced a net outflow of 5.305 billion yuan in capital, with 37 stocks experiencing net outflows, and 14 stocks seeing outflows exceeding 100 million yuan [2] Group 2 - The stock with the highest net outflow was Tongfu Microelectronics, which saw a net outflow of 1.192 billion yuan, followed by Changying Precision and China Software with outflows of 611 million yuan and 596 million yuan respectively [2] - The top gainers in terms of net inflow included Zhongshi Technology, with a net inflow of 617 million yuan, followed by Danghong Technology and Longqi Technology with inflows of 893,280 yuan and 636,360 yuan respectively [3] - The AI PC concept sector's performance was contrasted with other sectors, such as the Cultivated Diamond sector, which rose by 3.74%, indicating a broader market trend [2]

Core Viewpoint - The Dutch government's actions against Wintech's semiconductor assets represent a significant setback for the company, which was transitioning to focus on its semiconductor business through the acquisition of Nexperia. The company is actively seeking legal remedies and exploring local market opportunities to mitigate the impact of these developments [1][2][3]. Group 1: Government Actions and Legal Challenges - The Dutch government has frozen the semiconductor assets of Wintech, which is a severe blow to its business transformation efforts [1]. - A directive from the Dutch Ministry of Economic Affairs requires Nexperia to maintain the status quo regarding its assets, intellectual property, and personnel, effectively limiting operational flexibility [2]. - Wintech has engaged international legal counsel to challenge the Dutch government's directive, arguing that it constitutes an unreasonable external takeover of a normal business operation [3][5]. Group 2: Corporate Governance and Management Changes - Nexperia's foreign executives have formed a crisis management committee to comply with the Dutch directive, leading to the suspension of the CEO and the appointment of a temporary custodian to oversee management [4]. - The Dutch court's ruling has temporarily stripped Wintech of its operational decision-making authority over Nexperia, with only one share retained for management purposes [4]. Group 3: Impact of U.S. Export Controls - Wintech was added to the U.S. Entity List in December 2024, requiring licenses for purchasing U.S.-controlled technology, which complicates its operations further [6]. - New U.S. export control rules will also apply to Nexperia, as it is a wholly-owned subsidiary of Wintech, potentially limiting its operational capabilities [7]. Group 4: Market Position and Financial Performance - Nexperia generated revenue of 14.7 billion yuan in 2024, with a gross margin of 37.47% and a net profit of 2.297 billion yuan, indicating strong financial performance despite external pressures [14]. - The company has seen its global ranking in power discrete devices improve from 11th in 2019 to 3rd, with a significant portion of its revenue coming from the Chinese market [14][15]. Group 5: Strategic Responses and Future Outlook - Wintech is prioritizing the stability of its Chinese assets and business while also looking to expand overseas operations [17]. - The company is preparing for potential supply chain disruptions by advancing domestic alternatives and ensuring the stability of its operations in China [17][19]. - Wintech's investment in a 12-inch power semiconductor wafer fab in Shanghai is seen as a critical buffer against external sanctions [17][18].

荷兰政府一纸部长令，中国半导体巨头闻泰科技的海外资产陷入冻结漩涡，公司控制权岌岌可危。 10月12日晚间，闻泰科技发布公告称，荷兰政府于9月30日发出指令，要求冻结其控股子公司安世半导 体对资产、知识产权等进行调整，为期一年。 与此同时，安世半导体部分外籍高管要求闻泰科技转让安世半导体股权，并暂停由闻泰科技委派的CEO 张学政的职务。 这一突发消息直接导致闻泰科技股票在10月13日复牌后一字跌停，市场用脚投票，显示出对该公司海外 资产前景的极度担忧。 01 事件全貌 更令人惊讶的是，安世半导体的部分外籍管理层向法院提交请求，要求启动调查，并提出了一系列要 求，包括闻泰科技转让安世半导体的股权，甚至是控股权。 02 闻泰回应 面对这一复杂危机，闻泰科技态度坚决，明确反对将商业问题政治化。 公司在官方声明中强烈谴责，指出荷兰政府以莫须有的"国家安全"为由，对安世半导体实施全球运营冻 结，是"基于地缘政治偏见的过度干预"。 这场危机由两条相互交织的线索组成——外部政府施压与内部高管"逼宫"。 荷兰经济事务与气候政策部下达的部长令，以所谓的"国家安全"为由，对安世半导体实施全球运营冻 结。 几乎同步，阿姆斯特丹上诉法 ...

Core Viewpoint - The article discusses the significant loss of control over the semiconductor company Nexperia by the Chinese firm Wingtech Technology, following a series of actions by the Dutch government that resulted in the freezing of Nexperia's global assets and the transfer of 99% of its shares to a third party, highlighting the geopolitical tensions surrounding technology and investment in the semiconductor industry [1][3][12]. Group 1: Company Impact - Wingtech Technology's market value plummeted by 5.8 billion yuan in a single day due to the asset freeze, causing panic among investors [1][9]. - The acquisition of Nexperia was a critical move for Wingtech, which had previously struggled with low margins in mobile phone manufacturing, investing over 30 billion yuan to transform into a semiconductor powerhouse [5][9]. - The Dutch government's actions have left Wingtech with significant financial liabilities and a potential liquidity crisis, as the company's stock price drop could trigger margin calls on pledged shares [9][20]. Group 2: Industry Implications - The incident has raised alarms in the global investment community, as it sets a precedent for the arbitrary seizure of assets under the guise of national security, undermining the principle of private property protection [18][20]. - There has been a notable decline in Chinese investments in European high-tech sectors, with a 42% drop in the number of mergers and acquisitions and a 58% decrease in transaction value, particularly in sensitive areas like semiconductors and renewable energy [20][22]. - The automotive supply chain is at risk due to Nexperia's status as a major player in power semiconductors, with a reported decrease in global automotive chip inventory levels [20][22]. Group 3: Geopolitical Context - The Dutch government's actions are seen as part of a broader strategy by the U.S. and Europe to curb China's semiconductor industry, following the implementation of the Vifo Act, which allows for retrospective scrutiny of foreign investments [12][16]. - The timing of the asset freeze coincided with the EU's semiconductor alliance declaration, indicating a coordinated effort to regain control over critical technology sectors [14][16]. - The situation underscores the importance of self-reliance in technology, as reliance on foreign acquisitions for core technologies has proven to be precarious in the face of geopolitical tensions [27][31]. Group 4: Future Outlook - The next few months will be crucial for Wingtech as it navigates legal challenges and the potential outcomes of the Dutch court's decisions regarding Nexperia's assets [33]. - The incident serves as a wake-up call for global investors regarding the risks associated with investments in jurisdictions where national security can be invoked to justify asset seizures [33]. - Chinese companies are shifting their strategies towards "technology symbiosis" rather than outright acquisitions, aiming to mitigate risks associated with geopolitical tensions [29][31].

Core Viewpoint - The company is prioritizing the stability of its Chinese assets and operations in response to the recent freezing of its semiconductor assets by the Dutch government, which poses a significant challenge to its transformation strategy [1][2] Group 1: Company Response to Asset Freezing - The Dutch government's freezing of the company's semiconductor assets is a severe blow to its transformation efforts, especially after divesting from low-margin consumer electronics [1] - The company is actively seeking legal remedies and exploring support from local wafer manufacturers to mitigate the impact of this situation [1] - The chairman indicated that 80% of the packaging capacity of its subsidiary is located in mainland China, contributing approximately 48% to its revenue, which remains stable [1] Group 2: Supply Chain Management - The company has undertaken significant preparatory measures internally, including promoting domestic replacements to reduce supply chain risks [2] - The primary focus is on ensuring the stability of its subsidiary's operations, particularly in the Chinese market, while actively assessing the feasibility of a closed-loop supply chain in China [2]

Core Viewpoint - The Dutch government's freezing of semiconductor assets from Wintech Technology represents a significant setback for the company's transformation efforts, which were focused on enhancing profitability through its semiconductor business, particularly with Nexperia [3][4]. Group 1: Impact of Dutch Government Actions - The Dutch Ministry of Economic Affairs issued a directive on September 30, 2025, restricting Nexperia's operations outside mainland China, requiring the company to maintain its current asset and personnel structure for one year [5]. - Wintech believes that the directive is an unreasonable external takeover disguised as a national security measure [4]. - Wintech has engaged international legal counsel to challenge the Dutch government's directive through administrative review and litigation [4]. Group 2: Internal Management Challenges - Nexperia's foreign executives formed a crisis management committee to comply with the Dutch directive, leading to the suspension of CEO Zhang Xuezheng and the appointment of a temporary "custodian" by the Dutch court [5]. - Wintech's operational decision-making authority has been temporarily suspended, with only one share of Nexperia retained for management purposes [5]. Group 3: U.S. Export Controls and Market Position - Wintech was placed on the U.S. Entity List in December 2024, requiring licenses for purchasing U.S.-controlled technology, which has now extended to subsidiaries holding over 50% ownership [6]. - Wintech's acquisition of Nexperia cost over 30 billion yuan, and the new U.S. rules will also affect Nexperia, which is fully owned by Wintech [6]. - The Chinese government and semiconductor industry associations have expressed opposition to the politicization of trade issues and the discriminatory practices against Chinese companies [6][7]. Group 4: Nexperia's Global Operations - Nexperia operates globally, with its headquarters in the Netherlands and significant manufacturing facilities in Germany and the UK, producing billions of semiconductor units annually [9][10][11]. - The company has a major testing and packaging base in Dongguan, China, which is crucial for its operations, with 80% of its end products shipped to mainland China [12][13]. Group 5: Strategic Responses and Future Outlook - Wintech aims to stabilize its Chinese assets and business while exploring opportunities for overseas expansion [17]. - The company has initiated preparations to mitigate supply chain risks, including domestic replacements and ensuring the stability of its operations in China [17]. - Wintech's investment in a 12-inch wafer fabrication plant in Shanghai is seen as a buffer against external sanctions, with a total investment exceeding 12 billion yuan [19][20].

Core Viewpoint - Recent actions by China regarding rare earth exports and technology controls have sparked global attention, indicating a significant shift in international trade rules and geopolitical dynamics [1][3] Group 1: China's Position in Rare Earth Market - China is the largest producer of rare earth elements, controlling approximately 90% of high-purity rare earth production capacity, which underscores its substantial influence in the market [1] - The recent export control measures by China encompass raw materials, technology, and equipment across multiple segments of the industry, even affecting products processed in third countries, leading to a comprehensive "blockade" strategy [1] Group 2: Netherlands' Actions and Implications - The Dutch government has taken measures against China's Wingtech Technology, freezing assets of its subsidiary, ASML, in 30 global entities, signaling a provocative stance against China and a violation of international trade norms [3] - The actions taken by the Netherlands are seen as a response to the broader U.S.-EU strategy to curb China's technological advancements, indicating a shift in how commercial issues are being politicized [3][5] Group 3: Impact on International Investment Environment - The intertwining of commercial and political issues is reshaping the international investment landscape, potentially leading to increased "political risks" for Chinese companies' overseas assets [5] - The current global economic recovery phase makes the protection of Chinese assets abroad a pressing concern for both political and business leaders, especially in high-tech sectors [5] Group 4: China's Strategic Response - China is expected to utilize legal, diplomatic, and public opinion strategies to defend its rights, challenging arbitrary actions taken under the guise of "national security" [7] - Emphasizing technological independence and internal development of the supply chain is crucial for China to counter Western technological blockades [7] - China should actively participate in reshaping international rules to ensure fair and equitable development for all nations, moving away from historically unfavorable multilateral trade rules [7]