倒推原因，其实绕不开一个核心问题——全球范围内，目前能够稳定、规模化出口高质量 稀土材料的 主要还是中国。虽然美国这些年不断砸钱搞研发，也试图扶持本国企业，但想短期内实现完全替代，并 不现实。所以，在战略资源上被卡住脖子的焦虑，总是挥之不去。 再往深处看，美国提出要和中国敲定保障性条款，无非就是给自己的供应链加上一层保险。如果未来某 一天发生摩擦，只要有纸面承诺做挡箭牌，美方就可以借机发起舆论攻势，对外甩锅。而且只要自己觉 得哪里吃亏了，随时能搬出合约当理由。这类操作套路并不罕见，但对于拥有实际主导权的一方来说， 该怎么选择主动权，可不是一句威胁能决定的。 值得注意的是，中国出台的是出口管制政策，而非直接禁运。只要采购申请符合条件，大多数时候都能 顺利获批。从这个角度讲，美方如此紧张地追求一份额外协定，更像是担心自身行为越界，被突然断供 打个措手不及。在这种微妙关系下，每一次谈判桌上的表态，都不仅仅关乎经济账单，还涉及双方彼此 间极为敏感的信息博弈。 美财长感恩节前急盼稀土协议，威胁中国不许变卦，美国底气何在？ 美国财政部长贝森特最近动作频频，一边跑到本国新开的 稀土矿物加工中心剪彩，宣称"我们要结束对 中国 ...

Core Insights - A control dispute over a Chinese semiconductor company, Anshi Semiconductor, is causing unprecedented crises in the global automotive supply chain [1][2] - Anshi Semiconductor, previously part of Philips, was acquired by China's Wentai Technology for 33 billion yuan in 2019, and has since risen to become the third-largest player in the global power semiconductor market [1] - The Dutch government has frozen Anshi's global assets and knowledge rights for one year, citing national security, and has removed the Chinese CEO, leading to a forced custodianship of Wentai's shares [1][2] Group 1 - Anshi Semiconductor's production capacity is heavily concentrated in Dongguan, China, where 80% of its output is located, producing 70% of the world's automotive-grade power chips [2] - The company announced an "independent operation" status, rejecting any directives not recognized by its Chinese division, and severed system connections with its Dutch headquarters [2] - The European Automobile Manufacturers Association (ACEA) warned of a potential three-month disruption in the automotive supply chain if the dispute is not resolved quickly, with major manufacturers like Volkswagen and BMW facing severe inventory shortages [2][3] Group 2 - Wentai Technology reported a record high revenue from its semiconductor business in China for Q3 2025, with a year-on-year growth of approximately 14%, and automotive business revenue increasing over 26% [3] - China accounted for 49.29% of Anshi's global revenue, making it the fastest-growing and highest strategic priority region for the company [3] - The Dutch Economic Affairs Minister signaled a willingness to negotiate, emphasizing Anshi's importance to the global supply chain, while the Chinese market's support has empowered Anshi's response to the Dutch headquarters [2][3]