WINGTECH(SH:600745) 国芯网·2025-12-29 11:12Core Viewpoint - The article discusses the ongoing control dispute over Nexperia, a subsidiary of Wingtech Technology, highlighting the legal actions being taken and the implications for the semiconductor supply chain [1][4]. Group 1: Control Dispute and Legal Actions - Wingtech Technology's chairman, Yang Mu, announced that the company has initiated legal proceedings following the Dutch government's freezing of Nexperia's assets due to "national security" concerns, with potential claims reaching up to $8 billion [1]. - The company plans to hold a second hearing in the Netherlands in January 2026 and may pursue international arbitration if the situation is not resolved [4]. - Wingtech has accused Nexperia Netherlands of several actions that disrupt the supply chain, including halting wafer supplies to Nexperia China and making unfounded claims about product quality [3]. Group 2: Supply Chain and Production Implications - Nexperia Netherlands has ceased wafer supply to Nexperia China, leading to a fragmented supply chain, prompting Nexperia China to accelerate localization efforts, with plans to complete domestic wafer supplier validation by Q2 2026 [1]. - Nexperia Netherlands is also planning to invest over $300 million in Malaysia to expand production capacity, aiming for 90% of its production needs to be met outside of China by mid-2026 [1]. Group 3: Diplomatic and Regulatory Context - Wingtech Technology asserts that the Dutch government's intervention violates the China-Netherlands Bilateral Investment Protection Agreement, and a dispute notification was submitted on October 15, with a six-month resolution window before seeking international arbitration [4]. - The Chinese government has reiterated that the root cause of the Nexperia issue is the improper administrative intervention by the Dutch government, urging for the withdrawal of administrative orders to restore stability in the semiconductor supply chain [4].