WINGTECH(SH:600745) Ju Chao Zi Xun·2025-12-26 15:35Core Viewpoint - The company is focused on protecting its shareholder rights regarding Nexperia and is taking legal actions to regain control over its stake in the semiconductor firm [1][3]. Group 1: Legal Actions and Negotiations - The company has initiated multiple legal proceedings in the Netherlands to safeguard its and its shareholders' rights, with a potential claim amounting to $8 billion if issues are not resolved within six months [3]. - A first round of formal negotiations has taken place with Nexperia's independent directors and custodians, addressing key concerns such as control and supply chain stability [3][5]. - The company plans to reinforce its position in a second hearing scheduled for January 2026, emphasizing its commitment to legal actions to protect its assets and shareholder interests [3]. Group 2: Supply Chain Management - In response to Nexperia's unilateral decision to halt wafer supplies, the company is actively working on validating domestic wafer suppliers to ensure supply chain stability, aiming to complete this process by Q1 to Q2 of 2026 [4]. - The company has successfully shipped over 11 billion chips since mid-October, serving more than 800 global customers, indicating a strong recovery in its supply capabilities [5]. - The company aims for domestic production to account for 80% of its overall capacity, with the Chinese market representing approximately 50% of global sales [4]. Group 3: Government and Industry Response - The Ministry of Commerce has highlighted that the root cause of the issues with Nexperia stems from improper administrative intervention by the Dutch government, urging for a resolution to restore the semiconductor supply chain [5]. - The Ministry calls for constructive dialogue between the involved parties to address control and supply chain restoration, emphasizing the need for the Dutch government to withdraw administrative orders that hinder negotiations [5].