WINGTECH(SH:600745) 是说芯语·2025-11-08 08:20Core Viewpoint - The control issue of Nexperia has seen a turnaround due to strong intervention from the Chinese government, with expectations of resuming chip supply from its Chinese subsidiary soon [1][3]. Group 1: Control and Supply Chain - The Dutch government announced that Nexperia's Chinese subsidiary is expected to resume chip supply in the coming days [1]. - The restoration of supply is contingent upon the Dutch government reinstating former CEO Zhang Xuezheng and returning full control of Nexperia to Wingtech [3]. - The control dispute has disrupted the global supply chain for Nexperia's clients, posing risks of chip shortages in critical industries such as automotive and aerospace in Europe [4]. Group 2: Government Actions and Legal Context - The Dutch government took control of Nexperia on September 30, 2025, under the Goods Availability Act, suspending CEO Zhang's position and placing the company's equity under an independent Dutch trustee [3]. - The recent negotiations between China and the U.S. led to the U.S. announcing a one-year suspension of the 50% penetration rule, which weakened the legal basis for the Dutch government's actions regarding Nexperia [4]. Group 3: Company Performance and Contributions - Nexperia has established R&D and manufacturing centers in the Netherlands, Germany, and the UK, employing thousands and increasing R&D investment by over 150% in the past three years [5]. - The company has contributed €130 million in corporate income tax to the Netherlands over the past five years [5]. - The resolution of the control issue is expected to stabilize the supply of automotive electronic power devices [6].