Core Viewpoint - Wentech Technology firmly opposes the politicization of business issues, particularly in response to the Dutch government's intervention in Nexperia's operations, which is seen as an excessive geopolitical interference rather than a factual risk assessment [5][10]. Group 1: Government Intervention - The Dutch government has frozen Nexperia's global operations under the pretext of "national security," which Wentech claims is based on geopolitical bias and contradicts the principles of market economy and fair competition advocated by the EU [5][10]. - Wentech expresses strong protest against the discriminatory treatment of Chinese enterprises, emphasizing that such actions violate international trade rules [5][10]. Group 2: Company Performance - Since Wentech's acquisition of Nexperia, the company has significantly improved its operational quality, surpassing historical performance in financial results, technological asset accumulation, operational resilience, and market position [5][13]. - Nexperia's revenue reached a peak of €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022. By October 2024, Nexperia is expected to operate with zero debt [5][13]. Group 3: Legal Actions and Governance - Some foreign management members at Nexperia are attempting to change the company's equity structure through legal means, which is closely linked to the Dutch government's directives. This is viewed as an attempt to undermine shareholder rights and disrupt the company's legitimate governance structure [7][15]. - Wentech condemns these actions as a malicious extension of external pressure disguised as compliance [6][15]. Group 4: Industry Perspective - The semiconductor industry is a product of globalization, and its future relies on collaboration rather than confrontation. Governments should provide a fair and non-discriminatory business environment instead of weaponizing technological cooperation [8][18]. - Wentech is committed to defending its legitimate rights and has initiated all legal and diplomatic avenues to maintain an open and cooperative global semiconductor supply chain [17][18].
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