Core Viewpoint - The company strongly opposes the Dutch government's administrative directive against Nexperia, arguing that it politicizes commercial issues and calls for a return to rationality and the essence of business [2] Group 1: Company Position and Actions - The company, as the controlling shareholder of Nexperia, protests against the Dutch government's global operational freeze on Nexperia, claiming it is based on unfounded "national security" concerns and reflects excessive geopolitical interference [2] - The company has initiated all legal and diplomatic avenues to demand the immediate withdrawal of the Dutch government's erroneous directive and to stop systemic discrimination against Chinese enterprises [13][14] - The company emphasizes that the semiconductor industry is a product of globalization, and its future depends on collaboration rather than confrontation [14] Group 2: Contributions and Achievements - Since the acquisition of Nexperia, the company has adhered to national laws and regulations, maintaining transparency and governance [6] - Nexperia has contributed significantly to the European semiconductor supply chain, employing thousands in R&D and manufacturing centers across the Netherlands, Germany, and the UK [6] - Over the past three years, Nexperia's R&D investment has increased by over 150%, and the number of global patents has risen by nearly a thousand [6] Group 3: Financial Performance - Nexperia's revenue reached a peak of €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022 [9] - The company has achieved "zero debt" status by October 2024, having repaid all prior debts [9] - R&D investment has steadily grown from €112 million in 2019 to €284 million in 2024, with an increasing proportion of capitalized investments [9] Group 4: Governance and Legal Issues - Some foreign management at Nexperia are attempting to change the company's ownership structure through legal means, which is closely linked to the Dutch government's directive, viewed as an attempt to undermine shareholder rights and disrupt the company's governance [11][14] - The company condemns these actions as a malicious extension of external pressure [10]

Core Viewpoint - The article discusses the recent intervention by the Dutch government regarding Nexperia, a subsidiary of Wentech Technology, which has led to significant operational restrictions and legal actions by foreign executives within the company [1][2][3]. Group 1: Government Intervention - On September 30, 2025, the Dutch Ministry of Economic Affairs issued an order prohibiting Nexperia and its global subsidiaries from making any adjustments to their assets, intellectual property, business, or personnel for one year [2][11]. - Following this, on October 1, 2025, Nexperia's legal representatives filed an urgent request for an investigation and temporary measures with the corporate court, supported by other executives [2][12]. Group 2: Court Rulings - On October 7, 2025, the Dutch corporate court ruled to suspend Zhang Xuezheng from his roles as a non-executive director and executive director at Nexperia, effectively preventing him from fulfilling his CEO duties [3][13]. - The court appointed an independent foreign individual as a non-executive director with decisive voting rights and the authority to represent Nexperia independently [3][13]. Group 3: Operational Impact - Despite the government order and court ruling, Nexperia's daily operations continue, but the company faces temporary changes or delays in decision-making processes [4][14]. - Wentech's control over Nexperia is currently limited, although the economic benefits as a shareholder remain unaffected [4][15]. Group 4: Legal and Strategic Responses - The company is actively communicating with suppliers and customers to maintain stability and is exploring legal remedies while engaging with government departments for support [5][16]. - Wentech emphasizes its commitment to protecting shareholder rights and maintaining operational integrity amidst external pressures [26][27]. Group 5: Financial Performance and Contributions - Nexperia's revenue peaked at €2.36 billion in 2022, with a gross margin increase from 25% in 2020 to 42.4% in 2022 [24]. - The company has significantly increased its R&D investment, from €112 million in 2019 to €284 million in 2024, with a notable rise in patent applications [25][24].

Core Viewpoint - The announcement from Wentech Technology regarding the Dutch government's directive to freeze operations of its subsidiary, Nexperia, has raised significant market attention, indicating potential operational challenges and geopolitical tensions affecting the semiconductor industry [1][2]. Group 1: Company Operations - Wentech Technology announced that the Dutch government issued a directive on September 30, requiring its subsidiary Nexperia and all related entities globally to refrain from making any adjustments to assets, intellectual property, business, and personnel for one year [1]. - The directive has temporarily limited Wentech's control over Nexperia, although the economic rights as a shareholder remain unaffected, and Nexperia's daily operations continue [1][2]. - The company anticipates that the directive may lead to temporary changes in decision-making processes and reduced flexibility in resource allocation, potentially impacting operational efficiency [1]. Group 2: Financial Impact - Wentech Technology's stock price has increased by 62% since April 9, with a current market capitalization of 57.8 billion yuan, although the year-to-date increase is less than 20%, trailing behind most semiconductor companies [1]. - Nexperia is a key platform for Wentech's semiconductor business, projected to generate approximately 14.7 billion yuan in revenue in 2024, accounting for one-sixth of Wentech's total revenue [2]. - Nexperia ranks third globally in revenue for power discrete devices and is the leading domestic company in the power semiconductor sector, maintaining a strong position across various sub-segments [2]. Group 3: Geopolitical Context - Wentech Technology has expressed strong opposition to the Dutch government's actions, characterizing them as excessive intervention based on geopolitical bias rather than factual risk assessment, and has condemned the discriminatory treatment of Chinese enterprises [2][3]. - The company criticized attempts by certain foreign management to alter Nexperia's ownership structure through legal means, viewing these actions as a political maneuver to undermine shareholder rights and disrupt legitimate corporate governance [3].

Core Viewpoint - Wentech Technology firmly opposes the politicization of business issues, particularly in response to the Dutch government's intervention in Nexperia's operations, which is seen as an excessive geopolitical interference rather than a factual risk assessment [5][10]. Group 1: Government Intervention - The Dutch government has frozen Nexperia's global operations under the pretext of "national security," which Wentech claims is based on geopolitical bias and contradicts the principles of market economy and fair competition advocated by the EU [5][10]. - Wentech expresses strong protest against the discriminatory treatment of Chinese enterprises, emphasizing that such actions violate international trade rules [5][10]. Group 2: Company Performance - Since Wentech's acquisition of Nexperia, the company has significantly improved its operational quality, surpassing historical performance in financial results, technological asset accumulation, operational resilience, and market position [5][13]. - Nexperia's revenue reached a peak of €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022. By October 2024, Nexperia is expected to operate with zero debt [5][13]. Group 3: Legal Actions and Governance - Some foreign management members at Nexperia are attempting to change the company's equity structure through legal means, which is closely linked to the Dutch government's directives. This is viewed as an attempt to undermine shareholder rights and disrupt the company's legitimate governance structure [7][15]. - Wentech condemns these actions as a malicious extension of external pressure disguised as compliance [6][15]. Group 4: Industry Perspective - The semiconductor industry is a product of globalization, and its future relies on collaboration rather than confrontation. Governments should provide a fair and non-discriminatory business environment instead of weaponizing technological cooperation [8][18]. - Wentech is committed to defending its legitimate rights and has initiated all legal and diplomatic avenues to maintain an open and cooperative global semiconductor supply chain [17][18].

Core Viewpoint - Wentech Technology firmly opposes the politicization of business issues, particularly in response to the Dutch government's intervention in Nexperia's operations, which is seen as excessive interference based on geopolitical bias rather than factual risk assessment [2][5][11]. Group 1: Government Intervention - The Dutch government has frozen Nexperia's global operations under the pretext of "national security," which Wentech claims is based on unfounded geopolitical biases and contradicts the EU's principles of market economy and fair competition [5][11]. - Wentech expresses strong protest against the discriminatory treatment of Chinese enterprises by the Dutch government [5][11]. Group 2: Nexperia's Performance - Since Wentech's acquisition of Nexperia, the company's operational quality has significantly improved, with revenue reaching a peak of €2.36 billion in 2022 and gross margin increasing from 25% in 2020 to 42.4% in 2022 [6][14]. - By October 2024, Nexperia had cleared all previous debts, achieving a "zero-debt" status [6][14]. Group 3: Legal Actions and Governance - Some foreign management members at Nexperia are attempting to change the company's ownership structure through legal means, which is closely linked to the Dutch government's directives, essentially aiming to undermine shareholder rights and disrupt the company's governance [8][16]. - Wentech condemns these actions as a malicious extension of external pressure disguised as compliance [7][16]. Group 4: Industry Collaboration - The semiconductor industry is characterized by globalization, and its future relies on collaboration rather than confrontation. Governments should provide a fair and non-discriminatory business environment instead of weaponizing technological cooperation [9][19]. - Wentech is committed to defending its legitimate rights and has initiated legal and diplomatic actions to demand the withdrawal of the Dutch government's erroneous directives and to stop systemic discrimination against Chinese enterprises [17][18].

Core Viewpoint - The Dutch government's decision to freeze the global operations of Nexperia, a subsidiary of Wentech Technology, is criticized as an excessive intervention based on geopolitical bias rather than factual risk assessment, violating EU principles of market economy and fair competition [1][3]. Group 1: Company Position - Wentech Technology firmly opposes the politicization of commercial issues and condemns the discriminatory treatment against Chinese enterprises [2][3]. - The company has consistently adhered to laws and regulations since acquiring Nexperia, contributing significantly to the European semiconductor industry [5]. Group 2: Financial Performance - Nexperia's revenue peaked at €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022 [8]. - Research and development investment has grown from €112 million in 2019 to €284 million in 2024, with a significant increase in new patent applications [8]. Group 3: Legal and Governance Issues - Some foreign management at Nexperia are attempting to change the company's equity structure through legal means, which is linked to the Dutch government's directive, seen as a political pressure tactic to undermine shareholder rights [10]. - The company is committed to defending its legal rights and has initiated legal and diplomatic actions to demand the withdrawal of the Dutch government's directive and to stop systemic discrimination against Chinese companies [12].

Core Viewpoint - The company strongly opposes the Dutch government's intervention in Nexperia's operations, arguing that it is based on geopolitical bias rather than factual risk assessment, which contradicts the principles of market economy and fair competition advocated by the EU [1][3]. Group 1: Company Position - The company condemns the politicization of commercial issues and emphasizes that the intervention is discriminatory against Chinese enterprises [2][3]. - The company asserts that it has adhered to all relevant laws and regulations since acquiring Nexperia, maintaining transparency and proper governance [5][6]. Group 2: Financial Performance and Contributions - Nexperia's revenue reached a peak of €2.36 billion in 2022, with gross margin increasing from 25% in 2020 to 42.4% in 2022 [8]. - The company has made significant contributions to the Dutch economy, paying €130 million in corporate taxes over the past five years and increasing R&D investment by over 150% in the last three years [7][8]. Group 3: Legal and Governance Issues - Some foreign management at Nexperia are attempting to change the company's ownership structure through legal means, which is seen as a political maneuver to undermine shareholder rights and disrupt the company's governance [10][12]. - The company is committed to defending its legal rights and has initiated all necessary legal and diplomatic actions to demand the withdrawal of the Dutch government's erroneous directive [12][11]. Group 4: Industry Perspective - The semiconductor industry is characterized as a product of globalization, with its future dependent on collaboration rather than confrontation [14]. - The company calls for an end to systemic discrimination against Chinese enterprises and advocates for an open and cooperative global semiconductor supply chain [15][14].

Core Viewpoint - The Dutch government's decision to freeze the global operations of Nexperia, a subsidiary of Wentech Technology, is seen as an excessive intervention based on geopolitical bias rather than factual risk assessment, contradicting the EU's principles of market economy and fair competition [1][3][17]. Company Response - Wentech Technology firmly opposes the politicization of commercial issues and condemns the discriminatory treatment of Chinese enterprises by the Dutch government [2][3][11]. - The company emphasizes its commitment to legal rights and corporate governance, asserting that it will not yield to external political pressure [11][17]. Operational Impact - The Dutch Ministry of Economic Affairs has issued a directive that freezes Nexperia's assets, intellectual property, and personnel for one year, severely impacting its operations [17]. - A Dutch court has temporarily suspended Wentech's chairman from his position at Nexperia and appointed an independent director with decisive voting rights, further complicating the company's governance [17]. Financial Performance - Nexperia is a crucial profit source for Wentech, contributing 14.715 billion yuan in revenue and 2.297 billion yuan in net profit in 2024 [17]. - Since Wentech's acquisition, Nexperia has seen significant improvements in operational quality, with revenue reaching 2.36 billion euros in 2022 and a gross margin increase to 42.4% [7][8]. R&D and Contributions - Nexperia has maintained compliance with local laws and has made substantial contributions to the European semiconductor industry, employing thousands and investing over 150% more in R&D over the past three years [5][8]. - The company has significantly increased its patent applications, with a rise from 10-15 annually before 2019 to 110 in 2024 [7][8]. Call for Rationality - Wentech calls for a return to rationality and the essence of business, urging governments to avoid weaponizing technology cooperation and to respect the symbiotic relationship within the global semiconductor industry [12][18].

Core Viewpoint - The company strongly opposes the Dutch government's intervention in the operations of Nexperia, a subsidiary of the company, citing that the government's actions are politically motivated and not based on factual risk assessments [1] Group 1: Company Position - The company asserts that the Dutch government's freezing of Nexperia's global operations is an excessive intervention based on geopolitical bias rather than legitimate security concerns [1] - The company emphasizes its commitment to adhering to laws and regulations in all countries since acquiring Nexperia, maintaining transparency and proper governance [1] - The company condemns the discriminatory treatment of Chinese enterprises and has initiated legal and diplomatic measures to demand the withdrawal of the Dutch government's erroneous directives [1] Group 2: Industry Impact - The company argues that the Dutch government's actions contradict the EU's principles of market economy, fair competition, and international trade rules [1] - The company highlights the value it has brought to the European semiconductor supply chain over the years [1] - The company criticizes attempts by certain foreign management to alter Nexperia's ownership structure through legal means, linking these attempts to the Dutch government's directives [1]