安世半导体遇荷兰罕见“夺权”风暴，闻泰科技转型“命脉”遭重创

Core Viewpoint - Wentech Technology's core asset, Anshi Semiconductor, faces severe control issues due to unprecedented administrative and judicial measures from the Netherlands, leading to significant market volatility and a loss of over 10 billion yuan in market value within two days [2][16]. Group 1: Control Changes - Anshi Semiconductor is experiencing a "black swan" event that threatens its control structure, marking the first time since Wentech's acquisition of the company that its control is directly challenged [3]. - The Chinese CEO of Anshi, Zhang Xuezheng, has been temporarily suspended, and a foreign individual will be appointed to lead the company, effectively removing core decision-making power from Wentech [3][11]. - Anshi and its global subsidiaries are under a one-year operational freeze, preventing any adjustments to assets, intellectual property, or personnel [3][11]. Group 2: Political and Legal Context - Wentech has publicly condemned the Dutch government's actions as excessive interference based on geopolitical bias rather than factual risk assessment [4][8]. - The Dutch government invoked the 1952 Materials Supply Act, a rare legal tool, citing governance deficiencies within Anshi that pose risks to the economic security of the Netherlands and Europe [11][12]. - The timing of the Dutch government's actions coincides with the EU's signing of the Semiconductor Alliance Declaration, indicating a strategic response to geopolitical tensions in the semiconductor industry [12][13]. Group 3: Strategic Implications - Anshi Semiconductor is a key player in the European automotive chip supply chain, with significant revenue contributions to Wentech's semiconductor business, making the control issue critical for the company's transformation strategy [13][14]. - Wentech is currently in a pivotal transition phase, divesting from traditional mobile product integration to focus entirely on semiconductor operations, making the stability of Anshi's control vital for future profitability [14][16]. - The company has faced geopolitical challenges before, having previously divested its ODM business to mitigate risks from U.S. sanctions, highlighting the ongoing pressures in the semiconductor sector [15][16].