Core Viewpoint - The intervention by the Dutch government regarding Anshi Semiconductor, a core subsidiary of Wentech Technology, has escalated, leading to significant market repercussions and raising concerns about the stability of Chinese investments in the European semiconductor sector [2][5][8]. Company Summary - Wentech Technology's stock price has dropped significantly, with a market value loss exceeding 10 billion yuan in just two days [3]. - The company has been focusing on semiconductor business since selling its integrated business assets last year, following a management reshuffle that brought in several executives from Anshi Semiconductor [2][7]. - Anshi Semiconductor achieved a record revenue of 2.36 billion euros in 2022, with a gross margin increase from 25% in 2020 to 42.4% in 2022, and has entered a zero-debt phase as of October 2024 [7]. Industry Summary - The incident highlights potential risks for Chinese investments in the European semiconductor industry, with concerns that the "Dutch model" of intervention could lead to a chain reaction of similar actions across Europe [8]. - Legal experts suggest that the current situation may undermine the stability of cross-border mergers and acquisitions, impacting foreign investors' rights and the credibility of Dutch and EU legal frameworks [8].