Core Viewpoint - The Chinese Ministry of Commerce emphasizes that the responsibility for the current global semiconductor supply chain disruption lies with the Netherlands, urging the EU to work towards resolving the issue and ensuring the normal supply of products related to Nexperia [2] Group 1: Response to EU Statement - The Chinese Ministry of Commerce acknowledges the EU's commitment to address the situation with the Netherlands and encourages further efforts to rectify the measures affecting Nexperia [2] - The Ministry highlights its responsible approach to global semiconductor supply chain stability by implementing measures to exempt compliant exports for civilian use [2] - The Ministry expresses a welcome for the EU to continue leveraging its influence to prompt the Netherlands to correct its erroneous actions [2]

Core Viewpoint - The Chinese Ministry of Commerce emphasizes that the root cause of the current global semiconductor supply chain disruption lies with the Netherlands, urging the EU to increase efforts to persuade the Netherlands to withdraw related measures to ensure the normal supply of products from Nexperia [1] Group 1 - The EU's Trade and Economic Security Commissioner, Valdis Dombrovskis, has made statements regarding Nexperia, indicating a need for dialogue and resolution [1] - The Chinese government has taken concrete measures to exempt compliant exports for civilian use, demonstrating a responsible attitude towards global semiconductor supply chain stability [1] - China welcomes the EU's continued influence in encouraging the Netherlands to correct its erroneous practices [1]

Core Viewpoint - The Chinese Ministry of Commerce emphasizes that the responsibility for the current chaos in the global semiconductor supply chain lies with the Netherlands, urging the EU to increase efforts to resolve the issue and restore normal supply of products related to ASML [2] Group 1 - The Chinese government has noted the EU's acknowledgment of the need to work with the Netherlands regarding the ASML semiconductor issue [2] - The Ministry of Commerce has taken concrete measures to ensure the stability of the global semiconductor supply chain, including exemptions for compliant exports intended for civilian use [2] - The Chinese side encourages the EU to leverage its influence to prompt the Netherlands to correct its erroneous practices promptly [2]

Core Viewpoint - The Chinese government emphasizes the need for the European side to work towards the withdrawal of measures affecting Anshi Semiconductor, ensuring the normal supply of related products [2] Group 1: Government Response - The Chinese Ministry of Commerce responded to a statement from the European Commission regarding Anshi Semiconductor, highlighting that the source of the current global semiconductor supply chain disruption lies with the Netherlands [2] - The Chinese side has noted the European side's commitment to influence the Netherlands to rectify its actions, and it is urging for a swift resolution to restore normal supply chains [2] Group 2: Supply Chain Stability - The Chinese government has taken concrete measures to ensure the stability and security of the global semiconductor supply chain, including exemptions for compliant exports intended for civilian use [2] - The emphasis is placed on the importance of collaboration between the European and Chinese sides to correct the Netherlands' erroneous practices affecting the semiconductor supply [2]

Core Points - The Dutch government intervention has led to Nexperia's Dongguan factory limiting shipments and planning to implement a "four days on, three days off" work schedule after the National Day and Mid-Autumn Festival holiday [1][2] - The parent company, Wingtech Technology, stated that the China division is attempting to "self-rescue" by establishing a domestic supply chain to meet customer demands [3] - There are significant challenges in fully establishing a domestic supply chain, including technology transfer and customer certification issues [1][4] Production and Supply Chain Impact - The Dongguan factory, which is Nexperia's largest packaging and testing base, has been facing supply shortages and price increases, as confirmed by traders [2][7] - Reports indicate that the factory has stopped shipments for over a week, although production may not have completely ceased [7] - Trade merchants have been gathering at the factory, indicating a high demand for products that are currently unavailable [7] Employee and Operational Status - There are claims of salary payment interruptions and system access closures for employees, but Nexperia's China division publicly stated that all operations and employee benefits are normal and will continue to be managed by the domestic company [8]

Core Viewpoint - The A-share market showed significant volatility, with the Sci-Tech 50 Index being the first to turn positive amidst a broader market decline following a global downturn on October 13 [1][2][6]. Market Performance - The A-share market opened sharply lower, with the Shanghai Composite Index down 2.49%, Shenzhen Component Index down 3.88%, and ChiNext Index down 4.44%. However, during the continuous auction phase, major indices narrowed their losses, with the Sci-Tech 50 Index rising over 1% [7][8]. - As of the report, the Shanghai Composite Index narrowed its loss to under 1%, while the Shenzhen Component Index and ChiNext Index were down 1.64% and 1.61%, respectively. The Sci-Tech 50 Index was up 1.33% [7]. Sector Performance - In terms of sector performance, industries such as comprehensive services, automotive, machinery equipment, home appliances, and media saw the largest declines. Conversely, sectors like non-ferrous metals, steel, banking, and agriculture showed relative resilience [9]. Company-Specific News - Wentech Technology opened at a limit down and remained at that level during the continuous auction phase. The company announced that its subsidiary, Anshi Semiconductor, received a ministerial order and a court ruling from the Netherlands, which temporarily limits its control over the subsidiary [10][11][13]. Market Sentiment on Tariffs - Multiple brokerage firms expressed views on the impact of the new round of tariffs on the market, generally believing that the effects would not be as severe as the "reciprocal tariffs" from April. For instance, the experience from April indicated that the market's reaction to tariff announcements could be mitigated by ongoing negotiations [5][15]. - Research from various institutions suggested that the current market sentiment is more prepared for tariff impacts compared to previous instances, with expectations that the upcoming APEC meeting could provide a platform for negotiations [16][17].