WINGTECH(SH:600745) 芯世相·2025-12-12 08:10Core Viewpoint - The article discusses the ongoing situation regarding Nexperia (安世半导体) and its implications for the semiconductor supply chain, highlighting recent developments in negotiations and market conditions [6][8][12]. Group 1: Nexperia Situation - On December 9, 2023, Wentai Technology formally invited Nexperia's appointed equity custodian to engage in constructive talks to resolve disputes and restore control over Nexperia [6][7]. - The Chinese Ministry of Commerce has requested the Dutch Ministry of Economic Affairs to facilitate Nexperia's representatives to visit China for discussions [7][11]. - Nexperia's manufacturing centers are located in Germany and the UK, with a significant assembly and testing facility in Dongguan, China, producing over 50 billion small signal components annually [7][8]. Group 2: Recent Developments - Nexperia announced it would stop supplying wafers to its Dongguan facility starting October 26, 2025, which has not been resolved yet [8]. - The Dutch government has indicated a willingness to restore chip supplies to China, and discussions are ongoing regarding the administrative interventions affecting Nexperia [9][10]. - On November 19, the Dutch government suspended its administrative order against Nexperia, which was seen as a positive step, although the underlying issues remain unresolved [9][10]. Group 3: Market Conditions - The semiconductor spot market has shown signs of stabilization, with increased availability of chips and a shift from a wait-and-see approach to gradual recovery in demand [12][13]. - There is a notable price differentiation among various chip models, with some still maintaining high prices while others have seen a decline to historical levels [12][13]. - Overall, the market sentiment is transitioning from cautious observation to a recovery phase, although the core wafer supply issues persist [12][13].