连续两个跌停，闻泰科技市值蒸发超百亿元！

Core Viewpoint - The ongoing intervention by the Dutch government in the operations of Anshi Semiconductor, a core subsidiary of Wentai Technology, has escalated, leading to significant market repercussions and raising concerns about the integration and governance of the company [1][4][6]. Company Summary - Wentai Technology's stock price has experienced a consecutive two-day drop limit, resulting in a market value loss exceeding 10 billion yuan [2]. - The core issue revolves around Anshi Semiconductor, which Wentai Technology fully acquired in 2020, and the subsequent governance changes that have occurred since then [3][4]. - Anshi Semiconductor has shown strong financial performance, with revenue reaching a historical peak of 2.36 billion euros in 2022 and a gross margin increase from 25% in 2020 to 42.4% in 2022 [6]. Management Changes - Recent management changes at Wentai Technology included the appointment of several executives with backgrounds in Anshi Semiconductor, including the new chairman Yang Mu, who has been positioned to lead the company through its strategic focus on semiconductor business [6]. Legal and Regulatory Context - The Dutch court's intervention has temporarily restricted Wentai Technology's control over Anshi Semiconductor, raising concerns about the implications of geopolitical factors on foreign investments in the semiconductor sector [4][7]. - The situation has prompted discussions about the potential for a "Dutch model" of intervention that could increase uncertainty for Chinese investments in European semiconductor assets [7]. Industry Implications - The incident signals a broader concern for the semiconductor industry regarding the stability of cross-border mergers and acquisitions, particularly in light of increasing scrutiny and regulatory challenges faced by foreign investors in Europe [7].