WINGTECH(SH:600745) Huan Qiu Shi Bao·2025-10-31 08:05Core Viewpoint - The ongoing tensions surrounding Nexperia, a subsidiary of Wingtech Technology, have prompted the company to urge the Dutch government to reconsider its stance and remove unfounded allegations of technology theft [2][3]. Group 1: Company Actions and Responses - Wingtech Technology has stated that any agreement to restart exports from Nexperia must include the reinstatement of the company's former CEO [2][12]. - Following the Dutch government's intervention, Wingtech accused the government of geopolitical bias and excessive interference rather than a factual risk assessment [3][7]. - The Dutch government has cited "serious governance deficiencies" at Nexperia as the reason for its actions, claiming it aims to prevent potential supply risks in emergencies [3][4]. Group 2: Industry Impact and Reactions - The intervention has raised concerns in the European automotive industry about potential production line disruptions and supply chain interruptions [3][4]. - The situation has led to warnings from automotive manufacturers in Europe, the U.S., and Japan regarding possible production issues due to chip shortages [12]. - The ongoing geopolitical tensions have intensified the chip supply chain dispute, with the Dutch government's actions likely to exacerbate supply chain disruptions and impact related industries [4][11]. Group 3: Historical Context and Developments - Wingtech acquired Nexperia in a phased approach from 2018 to 2020, with the acquisition proving successful as Nexperia became a major profit source for Wingtech [6][7]. - The U.S. Department of Commerce placed Wingtech on an entity list in December 2024, suspecting the company of potentially transferring technology to the Chinese military, which subsequently affected Nexperia due to its ownership structure [5][6]. - The Dutch government's recent actions are seen as a response to U.S. pressure, highlighting the influence of U.S.-China tensions on the technology sector [10][11].