497亿半导体巨头面临上市以来最难时刻，公司最新回应

Core Viewpoint - The situation surrounding Nexperia, a subsidiary of Wentech Technology, has become precarious following the Dutch government's directive to freeze its operations, leading to significant operational and governance challenges for the company [8][10][11]. Group 1: Company Operations and Employee Relations - Nexperia China has assured employees that all operations and employee benefits are functioning normally, emphasizing that the domestic team operates independently and is committed to safeguarding employee interests [5][6]. - The company has established that any external directives not authorized by its legal representatives can be refused by employees without breaching work discipline [5][6]. Group 2: Governance and Legal Challenges - The Dutch court has imposed emergency measures, including suspending the CEO's powers and appointing an independent foreign director with decisive voting rights, which has temporarily stripped Wentech of governance over Nexperia [10]. - Wentech has expressed strong opposition to the Dutch government's actions, labeling them as excessive interference based on unfounded national security concerns [10][11]. Group 3: Financial Performance and Market Reaction - Since the Dutch government's directive on September 30, Wentech's stock price has declined over 20%, although it has seen a slight recovery recently, closing at 38.5 yuan per share with a market capitalization of 479 billion yuan [8][9]. - The ODM/OEM business of Wentech has faced significant setbacks, resulting in a revenue of 17.485 billion yuan in the first half of 2025 but incurring losses of 685 million yuan, prompting the company to divest this segment [12]. Group 4: Historical Context and Strategic Moves - The challenges faced by Nexperia can be traced back to geopolitical tensions, with the company previously encountering regulatory hurdles in the UK regarding its acquisition of Newport Wafer Fab [14][15]. - The sale of Newport Wafer Fab for $177 million to Vishay in 2023 indicates that Nexperia has become a target of investment restrictions against Chinese enterprises [15]. Group 5: Internal Dynamics and Management Changes - Recent management changes at Wentech have seen significant departures, including the resignation of key executives, which may have contributed to the current governance crisis [12][20]. - The involvement of foreign executives in the recent legal actions against Wentech has raised concerns about potential power struggles within the company [18][21].