2025.12. 27 上述部长令要求，安世及下属所有子公司、分公司、办事处等全球30个主体对其资产、知识产权、 业务及人员等不得进行任何调整，时间为一年。10月1日，安世半导体控股及安世半导体法定董事兼 首席法务官还代表公司向荷兰企业法庭提交启动调查与采取临时措施的紧急请求，企业法庭随后即时 生效了几项紧急措施，包括暂停张学政担任安世半导体控股公司执行董事、将闻泰科技子公司持有的 安世半导体控股股份以管理权形式托管给独立第三方管理等。 本文字数：1441，阅读时长大约3分钟 作者 | 第一财经 郑栩彤 闻泰科技于12月26日下午召开2025年第五次临时股东会，董事长杨沐谈到了关于子公司安世半导体 控制权风波的相关进展。 闻泰科技方面向记者透露，相关内容包括，公司将在2026年1月借助第二次听证会，重申立场并积极 维权。 安世半导体是闻泰科技此前收购的半导体子公司，前身是荷兰恩智浦半导体的一个业务部门。但由于 今年9月底荷兰经济事务与气候政策部发布的部长令，以及随后荷兰企业法庭作出的紧急措施，安世 半导体的资产被冻结，闻泰科技对安世半导体的控制权也开始受限。 12月22日，商务部新闻发言人表示，中方呼吁相关企 ...

Group 1: Core Insights - The article discusses the recent developments regarding the Nexperia incident, particularly the cancellation of the Dutch Economic Minister's visit to China, which was intended to address chip supply and security issues [3][4][8] - The Dutch government has been involved in the management of Nexperia since September 30, with concerns raised about the company's plans to transfer operations to China, which were deemed a threat to European economic security [8][9] - There have been various statements and actions from both the Dutch government and Chinese authorities, indicating a complex relationship regarding semiconductor supply chains and control over Nexperia [11][12][13][14] Group 2: Current Market Conditions - The chip spot market has shown signs of increased activity, with a rise in available inventory and a shift from a previously cautious stance to a more active demand environment, particularly from foreign trade [16][17] - Despite some recovery in demand, there remains a disparity in pricing, with certain chip models maintaining high prices while others have seen price reductions [17][18] - The overall sentiment in the market is transitioning from caution to a gradual recovery, although the core issues regarding wafer supply and administrative interventions by the Dutch government have not been fully resolved [16][17]

Group 1 - Nexperia is seeking constructive cooperation with its entities in China and has attempted multiple formal and informal communications to resume normal supply chains, but has not received substantial responses [4][6][12] - The Chinese Ministry of Commerce indicated that the Dutch government's improper administrative and judicial interventions regarding Nexperia have not been lifted, contributing to ongoing uncertainties in the global semiconductor supply chain [6][12] - The Dutch government has announced a temporary suspension of its intervention in Nexperia, but the core issue of wafer supply remains unresolved [10][11][16] Group 2 - The chip spot market has seen an increase in supply recently, particularly for batch 2540+, with demand still present but at lower accepted prices, primarily driven by foreign trade [14][16] - Market conditions have shifted from a period of quiet observation to a gradual recovery, with increased supply but significant price differentiation among different chip types [14][16] - Original factory prices have risen by over 30% for system orders, leading to some demand suppression among end customers [15][16]

Group 1 - The Dutch Minister of Economic Affairs, Karremans, announced the suspension of intervention against Nexperia, indicating a potential easing of tensions after 50 days since the Dutch government's administrative takeover on September 30 [1] - The Chinese Ministry of Commerce welcomed the suspension but noted that it is only a first step towards resolving the underlying issues in the global semiconductor supply chain [3] - Nexperia's parent company, Wingtech, stated that the suspended ministerial order, effective for one year, restricts Nexperia and its global subsidiaries from making any adjustments to their assets, intellectual property, and personnel [3][4] Group 2 - Despite the suspension of the ministerial order, the corporate court's ruling remains in effect, limiting Wingtech's control over Nexperia and preventing the exercise of shareholder rights [4][6] - A legal expert highlighted that the corporate court's decision aligns with the Dutch Ministry of Economic Affairs' pressure on Nexperia, raising concerns about continued restrictions on Chinese shareholders and personnel [4] - Wingtech insiders emphasized that only a complete withdrawal of all Dutch government interventions and a correction of previous judicial decisions can resolve the control dispute over Nexperia [6] Group 3 - Nexperia is a crucial semiconductor supplier for the global automotive industry, with its Dongguan packaging plant producing over 50 billion semiconductor components annually, accounting for 80% of its global packaging capacity [6] - Automotive manufacturers are actively seeking alternative sources due to the instability caused by the Dutch government's interventions, with reports of companies like Volkswagen and Honda exploring short-term solutions [6]

Core Viewpoint - The announcement from Wentai Technology highlights ongoing legal and operational challenges faced by its subsidiary, Nexperia, due to a Dutch ministerial order that restricts its operational capabilities, despite the order being temporarily suspended [2][5][10]. Group 1: Company Situation Overview - Wentai Technology's subsidiary, Nexperia, received a ministerial order from the Dutch Ministry of Economic Affairs and Climate Policy, which restricts its ability to make adjustments to assets, intellectual property, and personnel for a duration of one year [3][5]. - The company emphasizes that the court ruling affecting its control over Nexperia remains in effect, and the emergency measures previously disclosed are still ongoing [2][3]. Group 2: Legal and Diplomatic Developments - Recent diplomatic discussions between Chinese and Dutch government officials have focused on resolving the issues surrounding Nexperia, with China urging the Netherlands to take concrete actions to stabilize the global semiconductor supply chain [9][10]. - The Dutch Minister of Economic Affairs announced the suspension of the ministerial order, which is seen as a positive step, but further actions are needed to fully resolve the underlying issues affecting the semiconductor supply chain [10]. Group 3: Impact on Semiconductor Supply Chain - The crisis began following the U.S. Entity List announcement, which led to the Dutch government freezing Nexperia's operational permissions, causing significant disruptions in the global semiconductor supply chain [10][11]. - The suspension of supply from Nexperia to its Chinese counterpart has resulted in production halts, exacerbating the instability in the semiconductor market [10].

Core Viewpoint - The control of the company over Nexperia remains limited due to ongoing legal and regulatory challenges, despite the recent suspension of intervention measures by the Dutch government [1][5][9]. Group 1: Company Situation - On November 19, the company announced that its control over Nexperia is still restricted, highlighting the impact of a court ruling that remains in effect despite the suspension of a ministerial order by the Dutch Ministry of Economic Affairs [1][5]. - The ministerial order, which was initially issued on September 30, 2025, prohibits Nexperia and its global subsidiaries from making any adjustments to their assets, intellectual property, business, or personnel for one year [5]. - The company is actively seeking legal remedies and will continue to monitor the situation closely, ensuring compliance with disclosure obligations [5]. Group 2: Financial Implications - Nexperia reported a revenue of approximately 14.7 billion CNY last year, and the company has indicated that if control is not restored by the end of 2025, it may face risks of revenue, profit, and cash flow adjustments [5]. - As of November 19, the company's stock price was 42.3 CNY per share, with a total market capitalization of 52.6 billion CNY [6]. Group 3: Industry Context - The Dutch government announced the suspension of its intervention measures regarding Nexperia, which is seen as a step towards resolving the ongoing issues affecting the global semiconductor supply chain [9][12]. - Recent discussions between Chinese and Dutch government officials have emphasized the need for constructive solutions to restore stability in the semiconductor supply chain, with both parties agreeing on the importance of removing administrative interventions [12].

Group 1 - The Dutch government has announced the suspension of administrative orders against semiconductor manufacturer Nexperia, returning control to its Chinese owner, Wingtech Technology [1][2] - The Dutch Minister of Economic Affairs, Karremans, stated that the suspension is a constructive measure following recent developments and ongoing discussions with European and international partners [1] - Despite the suspension of the administrative order, a court ruling in the Netherlands that limits Wingtech's control over Nexperia remains in effect [1] Group 2 - The Chinese Ministry of Commerce welcomed the Dutch decision to suspend the administrative order, viewing it as a step towards resolving issues in the global semiconductor supply chain [2] - The Ministry emphasized that the court ruling that stripped Wingtech of control over Nexperia is a key obstacle to resolving the situation and called for constructive solutions from the Dutch side [2]

Core Viewpoint - Wentech Technology announced that its control over Nexperia remains restricted despite the Dutch government's recent suspension of intervention measures [2][6]. Group 1: Company Situation - Wentech Technology reported that the Dutch Minister of Economic Affairs and Climate Policy's suspension of the ministerial order, which was effective until September 30, 2025, does not affect the ongoing court ruling that restricts the company's control over Nexperia [6]. - The company emphasized that it will continue to communicate with international legal teams to explore legal remedies and protect the rights of shareholders [6]. - Nexperia's revenue was approximately 14.7 billion yuan last year, and Wentech Technology warned of potential risks to revenue, profit, and cash flow if control is not restored by the end of 2025 [6]. Group 2: Market Reaction - Since entering the fourth quarter, Wentech Technology's stock price has experienced fluctuations, closing at 42.3 yuan per share with a total market capitalization of 52.6 billion yuan as of November 19 [7]. Group 3: Industry Context - The Dutch government announced the suspension of intervention measures against Nexperia, which was seen as a step towards resolving the semiconductor supply chain issues [8]. - Recent discussions between Chinese and Dutch government departments highlighted the need for constructive solutions to restore stability in the global semiconductor supply chain [10].

Core Viewpoint - The control of Nexperia by Wentech Technology remains limited despite the recent suspension of intervention measures by the Dutch government [3][7][11]. Group 1: Company Updates - On November 19, Wentech Technology announced that its control over Nexperia is still in a restricted state [3][8]. - The Dutch Minister of Economic Affairs announced the suspension of a ministerial order that previously restricted Nexperia's operations globally, effective until September 30, 2025 [7][11]. - Despite the suspension of the ministerial order, a court ruling from October 7, 2025, which limits Wentech's control over Nexperia, remains in effect [7][8]. Group 2: Financial Implications - Nexperia reported a revenue of approximately 14.7 billion yuan last year [8]. - Wentech Technology indicated that if control over Nexperia is not restored by the end of 2025, it may face risks of revenue, profit, and cash flow adjustments [8]. Group 3: Market Reaction - As of November 19, Wentech Technology's stock price was 42.3 yuan per share, with a total market capitalization of 52.6 billion yuan [9].

中国商务部发言人表示，中方对荷方主动暂停行政令表示欢迎，认为这是向妥善解决问题的正确方向迈出的第一步，但距离解决全球半导体产供链动荡和混乱的根源“撤销行政令”还有差距。同时，在荷经济部推动下的企业法庭剥夺闻泰科技对荷兰安世控制权的错误裁决，仍是阻碍问题解决的关键所在，希望荷方继续展现与中方真诚合作的意愿，真正提出建设性解决问题的方案。双方同意应取消行政干预，支持和推动企业通过协商依法解决内部纠纷，既保护投资者的合法权益，也为恢复全球半导体产供链安全与稳定创造更有利的条件。外汇交易员 (@myfxtrader):荷兰经济大臣卡雷曼斯表示，已暂停对安世半导体的干预。“鉴于近期的事态发展，我认为现在是采取建设性步骤的正确时机。”意这味着安世半导体公司的控制权被交还给闻泰科技。卡雷曼斯曾在13日表示，荷兰政府代表团将于“下周初”前往中国，寻求解决有关中国企业闻泰科技旗下 #安世半导体 公司的问题。 https://t.co/1L82kkDRrX ...