WINGTECH(SH:600745) Sou Hu Cai Jing·2025-12-31 13:18Group 1 - The Netherlands and the UK are taking actions against Chinese investments in semiconductor companies, citing "national security" concerns, which undermines the credibility of European nations [2][4] - Nexperia, a subsidiary of Wingtech Technology, was acquired by Chinese capital in 2019, leading to significant improvements in its financial performance, with revenue projected to reach €284 million by 2024 [2] - The Dutch government issued an administrative order on September 30, 2025, to freeze Chinese control over Nexperia, causing disruptions in the global supply chain, particularly in the automotive sector [2][6] Group 2 - In 2021, China Jian Guang Asset acquired 80.2% of UK-based FTDI for $414 million, turning around its financial situation within a year, with net profit rising to $13.03 million and a gross margin exceeding 70% [4][6] - The UK government ordered Jian Guang Asset to divest its shares in FTDI by November 5, 2024, again citing national security as the reason [4][6] - The actions taken by the UK and the Netherlands reflect a broader trend of Western nations reacting to Chinese investments in the semiconductor sector, leading to a decline in Chinese investments in Europe [8][10] Group 3 - The U.S. Department of Commerce added Jian Guang Asset, Wingtech Technology, and Zhilu Capital to its entity list on December 5, 2024, restricting technology exports to these companies [6] - The European economy is already facing challenges, with a projected GDP growth of only 1.1% in spring 2025, which was later adjusted to 1.4% in autumn, indicating ongoing economic uncertainty [8][10] - The tightening of foreign investment rules in Europe, particularly against Chinese companies, is expected to harm local economies and innovation, leading to increased unemployment and a decline in investment activity [10]