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闻泰科技:优质资产的内在价值不会因当前事件而消失
Core Insights - Wentech Technology is facing significant market attention due to its subsidiary, Anshi Semiconductor, encountering asset restrictions [1][3] - The chairman of Wentech, Yang Mu, stated that the company is actively seeking legal avenues to resolve the control issues surrounding Anshi Semiconductor [1][3] - Yang emphasized that the intrinsic value of quality assets will not diminish due to current events, and the employee stock ownership plan reflects confidence in the company's business development [1] Financial Performance - Anshi Semiconductor has shown remarkable improvement in operational quality since its acquisition by Wentech, with a 60% increase in revenue and multiple-fold growth in net profit since 2019 [3] - The company is taking legal measures to protect shareholder rights and has communicated with relevant Chinese government departments for guidance and support [3] Legal and Regulatory Issues - Anshi Semiconductor's assets and intellectual property have been frozen by the Dutch government since September 30, following a directive, with a duration of one year [3] - Some foreign executives at Anshi Semiconductor have requested to transfer their shares, and the CEO appointed by Wentech has had their position suspended by the Dutch court [3] - The Dutch government's actions may stem from U.S. warnings regarding the necessity of replacing the Chinese CEO to avoid sanctions [3][4] Government and Management Response - The Dutch Trade Minister stated that the takeover of the semiconductor manufacturer was due to governance issues rather than U.S. pressure [4] - Yang Mu reassured investors that Anshi Semiconductor possesses top-tier technology and market position, urging patience as legal processes unfold [4]