WINGTECH(SH:600745) Huan Qiu Shi Bao·2025-10-14 22:51Core Points - The Dutch government has intervened in the operations of Nexperia, a subsidiary of China's Wingtech Technology, citing risks to economic security in the Netherlands and Europe [1][2] - The Chinese Semiconductor Industry Association has expressed strong support for Nexperia, opposing the misuse of national security concepts and discriminatory restrictions against Chinese companies [1] - Nexperia is a key supplier of mature process chips for the automotive and consumer electronics industries, and the Dutch government has taken control to ensure the supply of semiconductors [1][2] Group 1 - The Dutch government claims that Nexperia has shown "serious governance deficiencies" and that there are urgent signals threatening the continuity of critical technology in the Netherlands and Europe [1] - The intervention is based on the Material Supply Act, which was established over 70 years ago during the Cold War to secure access to critical products in emergencies [1] - Nexperia can continue production, but the Dutch government now has the authority to block or overturn its decisions [1] Group 2 - Wingtech Technology has announced that the Dutch government's actions are excessive interventions based on geopolitical bias rather than factual risk assessments [2] - The company is pursuing all legal and diplomatic avenues to demand the immediate withdrawal of the Dutch government's directive and to stop systemic discrimination against Chinese enterprises [2] - Concerns have been raised that such actions could lead to other countries following suit, potentially impacting the European automotive and electronics industries if Chinese companies are pressured to prioritize domestic supply [2]