WINGTECH(SH:600745) Huan Qiu Shi Bao·2025-10-31 14:57Core Viewpoint - The Dutch government faces a dilemma regarding the forced takeover of Nexperia, a subsidiary of the Chinese company Wingtech Technology, following a consensus reached between China and the U.S. on export controls [3][5]. Group 1: Company Actions and Responses - Wingtech Technology insists that any agreement to restore exports from Nexperia must include the reinstatement of CEO Zhang Xuezheng [3]. - The Dutch government invoked the 1952 Commodity Supply Act to take control of Nexperia's assets, citing national security concerns [3][4]. - Nexperia's factory in Dongguan, China, is one of the largest in the world, accounting for about half of the company's total production, and has recently seen significant reductions in output [4]. Group 2: Legal and Regulatory Context - The Amsterdam Court of Appeal ruled on October 7 to suspend Zhang Xuezheng's position, appointing a foreign individual to take over [3][4]. - The Dutch Ministry of Economic Affairs maintains that the takeover is in accordance with legal provisions, and Zhang's suspension is a result of an independent court investigation [4]. Group 3: Industry Implications - Nexperia supplies a significant number of chip components, playing a crucial role in the global automotive supply chain, with warnings from European automotive executives about potential production disruptions if supply is not restored [4]. - The recent actions by the Dutch government were partly influenced by the U.S. government's announcement of additional export controls on September 29, which affected subsidiaries like Nexperia [4].