WINGTECH(SH:600745) Xin Lang Cai Jing·2025-11-20 21:05Core Viewpoint - The recent developments regarding Nexperia's control issues have seen a positive turn with the Dutch government announcing a suspension of the ministerial order, although the control remains limited for the time being [1] Group 1: Government Actions - The Dutch Minister of Economic Affairs and Climate Policy, Vincent Karremans, announced on November 19 that it is an appropriate time to take constructive measures due to recent developments [1] - The ministerial order issued on September 30, 2025, required Nexperia and its global subsidiaries to report on their assets and operations [1] - The Chinese Ministry of Commerce welcomed the Dutch government's decision to suspend the administrative order, viewing it as a step towards resolving the global semiconductor supply chain turmoil [1] Group 2: Company Status - Despite the suspension of the ministerial order, the court ruling from October 7, 2025, remains in effect, which continues to limit the control of WWT over Nexperia [1] - Nexperia announced that its CEO, Zhang Xuezheng, remains suspended and will not resume his duties, with the CFO Stefan Tilger continuing as the interim CEO [1] Group 3: Supply Chain and Operations - Nexperia stated that it has not completely halted wafer shipments and is committed to delivering wafers to the supply chain while providing alternative solutions [1] - The company indicated that Nexperia China has deviated from the established governance framework and has not followed the legitimate directives from the global management [1] - Nexperia assessed that it has sufficient wafer and finished product inventory to maintain operations for several months, attributing any failure to complete shipments to Nexperia China [1]