Core Viewpoint - The article discusses how Anshi China has maintained its composure and strength in the face of foreign government pressure, particularly from the Netherlands and the United States, highlighting the strategic moves made by the company to assert its independence and operational capabilities [1][3][5]. Group 1: Company Response - Anshi China issued a letter to customers and employees, declaring its operational independence and ensuring that the quality of chips produced in its Dongguan factory meets standards, while also stating that local employees have the right to reject directives not recognized by Chinese law [3][5]. - The company has resumed supply to domestic clients and established a new policy to conduct all transactions in RMB instead of USD, marking a significant step towards financial independence in the semiconductor industry [3][5]. Group 2: Industry Implications - The core production capabilities of Anshi Semiconductor are primarily located in China, with over 70% of essential automotive chips relying on the Dongguan factory for assembly and testing, which has led to significant pressure on the Dutch government from European automakers facing production halts [5][7]. - The situation illustrates that in the globalized supply chain, control over core processes equates to power in negotiations, and attempts to disrupt market rules through political means can backfire [7].

Core Viewpoint - The letter from Anshi China signifies a strong stance against external control, particularly targeting the dominance of the US dollar in global trade, and highlights a strategic shift in operations and financial practices to assert independence and resilience against external pressures [1][11][24]. Group 1: Company Actions and Responses - Anshi China issued a public letter declaring its independence from Dutch headquarters, emphasizing that it will operate under Chinese laws and manage its own payroll and business operations [11][13]. - The company replaced its European ERP system with domestic software and shifted its supply chain partnerships from European firms to local Chinese companies, indicating a significant operational realignment [15][22]. - Anshi China transitioned to using the Chinese yuan for all domestic transactions, effectively severing ties with the SWIFT system and asserting financial sovereignty [24][27]. Group 2: Impact on Global Trade and Financial Systems - The actions taken by Anshi China challenge the existing dollar-centric global trade framework, suggesting a trend towards de-dollarization and increased use of local currencies in international transactions [19][52]. - The operational resilience of Anshi China's Dongguan facility, which maintained a high order delivery rate despite external pressures, underscores the critical role of Chinese manufacturing in the global supply chain [17][29]. - The situation has prompted European companies, particularly in the automotive sector, to reassess their reliance on Dutch operations, revealing vulnerabilities in the supply chain that could lead to production disruptions [31][37]. Group 3: Broader Implications for Europe and the US - The incident illustrates the growing awareness in Europe of the risks associated with over-reliance on the US dollar and the need for a diversified payment system to mitigate potential disruptions [33][60]. - The Dutch government's actions, perceived as being under US pressure, have led to a backlash from local industries, highlighting the tension between national interests and external political influences [9][35]. - The event serves as a wake-up call for European policymakers to reconsider their strategies towards China, emphasizing the importance of mutual respect and adherence to contractual obligations in international business [62][68].

Core Viewpoint - The Dutch government's takeover of ASML under the guise of "national security" has prompted a resilient response from the Chinese subsidiary, showcasing its strategic capabilities and determination [1][3]. Group 1: Company Response - ASML China issued a letter to clients and employees, declaring its independence and affirming the quality of chips produced at its Dongguan factory, ensuring that operations would not be disrupted [3]. - The company announced a shift in transaction currency from USD to RMB for domestic clients, marking a significant move towards economic independence and signaling its capability to control its own destiny [3][4]. Group 2: Industry Impact - Over 70% of commonly used automotive chips are assembled and tested at ASML's Dongguan facility, putting pressure on European automakers who face potential production halts due to inventory depletion [4]. - The situation has led to urgent communications from the Dutch economic minister to the Chinese Ministry of Commerce, highlighting the critical role of ASML China in the global semiconductor supply chain [6]. Group 3: Geopolitical Context - The incident reflects the growing complexity of international political dynamics, with the Dutch government's actions revealing both a desire for economic gain and a fear of China's rising influence [6][7]. - The legal actions taken by companies like Wingtech Technology against the Dutch government underscore China's commitment to protecting its investors and maintaining its industrial strength [6]. Group 4: Future Outlook - Chinese companies are encouraged to enhance their core competitive capabilities to navigate international pressures, supported by national policies and domestic market development [7].