Core Viewpoint - The company welcomes the U.S. authorities' decision to suspend the implementation of the so-called "penetration rule" for one year and appreciates China's efforts to restore exports from its factories, ensuring the continued supply of key mature process chips to the global market [1] Group 1 - The company announced that it suspended direct wafer supply to its Chinese factory due to non-payment of wafer fees on October 29, 2025, but has not completely halted wafer shipments, with all factories in Europe and other regions of Asia operating normally [1] - The company denies the reinstatement of Zhang Xuezheng as CEO, stating that strategic decisions such as relocating parts of the business or dismissing executives require approval from the Dutch government and will continue for one year [1]

Core Viewpoint - The semiconductor industry is experiencing renewed tensions, particularly with the Dutch government's sudden actions against Chinese company Nexperia, a subsidiary of Wingtech Technology, which has raised concerns over high-tech control and national security [1][3]. Group 1: Dutch Government Actions - The Dutch government has taken administrative control measures against Nexperia, citing "national security," resulting in a global operational freeze and asset freeze amounting to 14.7 billion RMB [3][8]. - A ministerial decree from the Dutch Ministry of Economic Affairs prohibits Nexperia and its 30 global subsidiaries from making any adjustments to assets, intellectual property, or personnel for a year [8]. - The Amsterdam Court of Appeal has suspended the CEO appointed by Wingtech Technology and appointed a non-executive director with decisive voting rights, effectively stripping Chinese control over Nexperia [8]. Group 2: Response from China - The Chinese Ministry of Commerce has strongly opposed the Dutch government's actions, criticizing the broad application of "national security" and direct interference in corporate affairs [5][10]. - The Ministry has indicated that it will take necessary measures to protect the legitimate rights of Chinese enterprises, referencing previous retaliatory actions against U.S. companies [11]. - Chinese officials have emphasized that the Dutch actions are a clear example of how U.S. "penetration rules" harm Chinese business interests, urging the Netherlands to maintain an independent stance [9][10]. Group 3: Impact on the Semiconductor Industry - Nexperia is a leading player in the global discrete and power chip market, crucial for the automotive semiconductor sector, with a product portfolio of nearly 16,000 items [7]. - The European Automobile Manufacturers Association (ACEA) has warned that disruptions in Nexperia's chip supply could severely impact the European automotive industry, with manufacturers struggling to find alternative suppliers [10]. - The ongoing situation has raised alarms within the global semiconductor supply chain, with potential production halts looming for automotive manufacturers if chip supplies are not restored quickly [10][11].

Core Viewpoint - The Netherlands has imposed restrictions on ASML, citing "national security," effectively stripping Chinese shareholders of their normal control rights, which has been met with strong opposition from China [1][3]. Group 1: Company Actions - The Netherlands has taken aggressive actions against ASML, which are perceived as a blatant intervention and a form of plunder, indicating that there are external influences behind these moves [3]. - Dutch courts have revealed that the U.S. has communicated demands to the Netherlands regarding changes in ASML's management and governance structure to avoid sanctions under the "penetration rules" [3]. Group 2: Industry Implications - The actions against ASML coincide with the Netherlands' efforts to establish a "European Semiconductor Alliance" aimed at achieving strategic autonomy in critical semiconductor technologies [3]. - The U.S. "penetration rules" are seen as damaging to international trade order and global supply chain stability, which could harm the legitimate rights of Chinese investors and undermine trust among all international investors [4]. - The European automotive industry has expressed concerns that disruptions in ASML's chip supply could severely impact their operations, highlighting the interconnectedness of global supply chains [4]. Group 3: Broader Context - The Netherlands' actions are viewed as aligning with U.S. interests, which may ultimately backfire and harm its own economic development [4]. - The narrative suggests that reliance on coercive tactics and unilateral actions is outdated in the current globalized environment, urging a shift away from such "pirate" mentalities [4].

Core Viewpoint - The Chinese semiconductor industry is facing significant challenges due to foreign intervention, particularly from the Netherlands and the United States, which are perceived as undermining the rights of Chinese companies and disrupting global supply chains [1][3][4]. Group 1: Government Response - The Chinese Ministry of Commerce expressed strong opposition to the Dutch government's interference in Nexperia's operations, emphasizing that such actions violate market principles and harm the business environment [1][3]. - The spokesperson highlighted that the U.S. "penetration rules" are damaging to international trade order and are a clear example of harming the legitimate rights of Chinese enterprises [3][4]. Group 2: Company Position - Nexperia's parent company, Wingtech Technology, issued a statement opposing the Dutch government's actions, arguing that the use of "national security" as a justification for operational freezes is based on geopolitical bias rather than factual risk assessment [4]. - Wingtech Technology called for a return to rationality and the essence of business, criticizing the politicalization of commercial issues [4].

Core Viewpoint - The Chinese government strongly opposes the Netherlands' intervention in the operations of Nexperia, a subsidiary of Wingtech Technology, citing violations of contractual spirit and market principles, which could harm the business environment in the Netherlands and damage mutual interests [1][2]. Group 1 - The Chinese government emphasizes that the Netherlands should maintain independence and respect objective facts while correcting erroneous practices to protect the legitimate rights of Chinese investors [2]. - On September 30, the Dutch Ministry of Economic Affairs and Climate Policy issued a ministerial order restricting Nexperia from adjusting assets, intellectual property, business, and personnel across its 30 global entities for one year [2]. - Following the ministerial order, three foreign executives of Nexperia filed an urgent request with the Dutch corporate court on October 1 to initiate an investigation and take temporary measures against the company [2].

Core Viewpoint - The Chinese Ministry of Commerce criticizes the Netherlands for intervening in Nexperia's operations, emphasizing that the U.S. "penetration rules" are detrimental to Chinese enterprises and urging the Netherlands to maintain independence and autonomy in its decisions [1][2]. Group 1: China's Position - The Chinese government firmly opposes the Netherlands' broad interpretation of "national security" and its administrative interference in corporate affairs, arguing that such actions violate contractual spirit and market principles [1]. - The Ministry of Commerce highlights that the Netherlands' actions could severely damage its business environment, harming both parties involved [1]. Group 2: U.S. Influence - The Chinese spokesperson notes that the U.S. has communicated demands to the Netherlands regarding changes in Nexperia's management and governance structure to avoid sanctions under the "penetration rules" [1]. - The U.S. "penetration rules" are described as the origin of harm to Chinese companies, significantly impacting international trade order and disrupting global supply chains [1]. Group 3: Call for Fair Practices - The Chinese side urges the Netherlands to respect objective facts, uphold contractual spirit and market principles, and correct its erroneous practices to protect the legitimate rights of Chinese investors [2]. - The Ministry of Commerce indicates that China will take necessary measures to firmly safeguard the legal rights of its enterprises [2].

Core Viewpoint - The Chinese semiconductor industry association opposes Dutch authorities' interference in Nexperia's operations, emphasizing that such actions violate market principles and harm the business environment [1][2]. Group 1: Government Response - The Chinese government firmly opposes the Netherlands' broad interpretation of "national security" and administrative intervention in corporate affairs, stating it undermines contractual spirit and market principles [1]. - The Chinese government highlights that the Dutch court's recent documents reveal communications between the U.S. and the Netherlands regarding "penetration rules," which included demands to change Nexperia's CEO and adjust governance structures to avoid sanctions [1]. Group 2: International Trade Relations - The Chinese government urges the Netherlands to maintain independence and respect for objective facts, advocating for the correction of erroneous practices to protect Chinese investors' legitimate rights [2]. - The Chinese government warns that the U.S. "penetration rules" significantly disrupt international trade order and threaten the stability of global supply chains, labeling the Netherlands' actions as a clear example of harm to Chinese enterprises [1].

Core Viewpoint - The Chinese Ministry of Commerce expresses strong opposition to the Netherlands' intervention in the operations of Nexperia, a subsidiary of Wingtech Technology, emphasizing that such actions violate contractual spirit and market principles, and could harm the business environment in the Netherlands [1][2]. Group 1 - The Ministry of Commerce highlights that the Netherlands' actions are influenced by the U.S. "penetration rules," which aim to undermine Chinese enterprises [2]. - The Ministry calls for the Netherlands to maintain independence and respect for objective facts, urging them to correct their actions to protect the legitimate rights of Chinese investors [2]. - The Ministry indicates that necessary measures will be taken to firmly safeguard the legal rights of Chinese enterprises [2].