跨境博弈迎来转机？荷兰暂停对安世半导体部长令，但闻泰科技控制权仍未恢复

Core Viewpoint - The control dispute over Anshi Semiconductor, a subsidiary of Wentai Technology, has reached a critical point with the Dutch Minister of Economic Affairs and Climate Policy announcing a temporary suspension of restrictions imposed on the company, although the legal rulings affecting control remain in place [1] Group 1: Company Developments - Wentai Technology announced that the Dutch Minister has paused a ministerial order that restricted Anshi Semiconductor from making adjustments to its core operations until September 30, 2025 [1] - Despite the minister's announcement, Wentai Technology clarified that the Dutch court's ruling from October 7, 2025, remains valid, and control over Anshi Semiconductor is still limited [1] - Anshi Semiconductor, previously part of NXP Semiconductors, has over 60 years of experience in the semiconductor industry and is a leading player in discrete devices, logic devices, and power MOSFETs [2] - The acquisition of Anshi Semiconductor by Wentai Technology in 2020 significantly enhanced its position in the global semiconductor market, elevating Anshi's ranking from 11th to 3rd among global power discrete device companies [2] Group 2: Legal and Operational Challenges - The conflict began in September 2025 when the U.S. Department of Commerce imposed sanctions on Anshi Semiconductor, leading the Dutch government to take control of the company citing national security [2] - Anshi's Dutch headquarters ceased payments to Chinese employees and cut off supply to its Dongguan factory, creating operational risks [3] - Anshi China accused the Dutch headquarters of owing 1 billion yuan in unpaid debts and emphasized that its inventory could sustain operations for several months [3] Group 3: Management Changes and Shareholder Actions - A significant management change occurred with the appointment of Shen Xinjia as the new president of Wentai Technology, who has a strong legal background [4] - Wentai Technology has faced shareholder reductions, with major shareholders planning to sell up to 37.34 million shares, amounting to approximately 1.6 billion yuan based on the stock price [5] - The second-largest shareholder, Wuxi Guolian Integrated Circuit Investment Center, holds 7.77% of Wentai Technology's shares and is state-owned [5]