东莞工厂停摆，欧洲卡脖子，中国封装厂还能撑多久？

Core Insights - The semiconductor packaging factory of Anshi in Dongguan, which is the largest in the world, has halted shipments for over a week, leading to a significant operational slowdown and employee schedule changes [1][3] - Anshi's operations are heavily influenced by its European headquarters, raising concerns about the management structure and potential risks associated with export restrictions imposed by the Chinese government [3][4] - The Dutch government has blocked Anshi from exporting technology to China, aligning with EU restrictions, which may lead to a shortage of high-end chips in Europe [4][6] Company Operations - Anshi's factory in Dongguan employs around 4,000 workers, but production has come to a standstill, with employees now working four days on and three days off, and overtime significantly reduced [1] - Despite claims from Anshi China that operations are normal and salaries are being paid, there is a lack of confidence among employees due to the overarching control from the European headquarters [3] Industry Dynamics - The Chinese Ministry of Commerce has implemented export restrictions on certain products from Anshi and its subcontractors, indicating a shift towards more proactive measures in response to foreign control [3][4] - The automotive chip sector is particularly vulnerable, as the certification process for new suppliers is lengthy, and existing inventory is insufficient to meet demand [4][6] - The current state of domestic alternatives in China is limited to low-end consumer electronics, with significant challenges remaining in the automotive chip market, where Anshi has established a strong foothold [6]