The atmosphere of Sino-U.S. sword, has not changed with Trump and Wants "mouth soft", the U.S. Trade Representative Gril revealed that after China announced the expansion of rare earth export control measures, Trump authorities tried to talk to the Chinese side, but the Chinese side delayed, to say why the Chinese side so?

The most fundamental reason is that the United States 'communication was not sincere at all. On October 12, Wentai Technology issued an announcement that its Anshi Semiconductor was forcibly taken over by the Dutch government and Wentai Technology's control was temporarily deprived. So what does this have to do with the United States?

The Netherlands freezes Thai semiconductor assets

Speaking of the Anxiety Semiconductor, it is a high-priced acquisition by Zhou Tai Technologies, between 2018 and 2020, Zhou Tai Technologies completed the comprehensive acquisition of the Anxiety Semiconductor at a total price of more than 20 billion yuan through a series of precisely designed transaction architectures.

At present, Anshi Semiconductor has become an indispensable strategic sector in Wentai Technology's business layout.

Specifically, Wingtech Technology's semiconductor business segment is mainly built on Nexperia, and its core operating entities include Nexperia Netherlands, Nexperia (China) Co., Ltd., Nexperia UK, Nexperia Malaysia, Nexperia Philippines and Nexperia Germany, etc.

In addition, according to the company¡¯s report, Anchor Semiconductor reached a peak in revenue of €23.6 billion in 2022, while Anchor Semiconductor has contributed up to €1.3 million in corporate income tax to the Dutch government over the past five years. As of October 2024, Anchor Semiconductor has fully settled all its previous debts and is currently operating in a ¡°zero-debt¡± state.

After Wingtech Technology completed the acquisition of Nexperia Semiconductor, Nexperia's ranking among global power discrete device suppliers continued to jump, steadily rising from 11th in the world in 2019 to 3rd in the world, and has been ranked first in China for many consecutive years. Discrete device companies.

Its customer base covers long-term strategic partners such as Bosch and Siemens, as well as world-renowned brands such as Samsung, Apple, Dyson, and Tesla.

However, since it was officially included in the "Entity List" by the U.S. Department of Commerce in December 2024, Wingtech has begun to face a series of complex challenges and difficulties.

Started robbing

In order to resolve the operating dilemma, Wentai Technology decisively took strategic adjustment measures, resolutely divested the ODM (Original Design and Manufacturing) business segment, and comprehensively shifted the strategic focus of the company's future development to Anshi Semiconductor, a core high-quality asset.

As a strategic pillar business of Zhou Tai Technology, Ansheng Semiconductor not only bears the key role of stabilizing the development of enterprises, but also because of its power semiconductor segmentation field, it is directly related to the security and industrial competitiveness of China's new energy vehicles, industrial control, consumer electronics and other strategic emerging industries.

However, on September 30, the Dutch Minister of Economy directly issued an order to freeze the assets of Anselm Semiconductor and its 30 global entities for a year, and on October 1, Anselm Semiconductor also performed a "palace drama", "legal counselor" directly to the court to file a request to investigate its own company.

As a result, without formal court proceedings, the Dutch side directly made a provisional ruling that Zhang Qing, chairman of Zhou Tai Technologies, was suspended from his positions as director and chief executive (CEO) at Ansel Semiconductor.

Subsequently, the shares held by Zhang Xuezheng were entrusted to an "independent third party" for custody.

It is worth noting that even subsequent hearings did not seem to change this situation.

In court proceedings on October 6, the Netherlands decided to further clarify: Zhang Xuezheng would continue to suspend his duties and planned to appoint a foreign director with voting rights to the board of directors of Anshi Semiconductor.

At the same time, 99 shares held by Wingtech Technology are under custody, and only 1 share is retained. Although the specific identity of the custodian has not been disclosed, it is expected to be a European person.

In this context, the head of the Chinese management of Anselm Semiconductor temporarily lost its position, and the company, originally controlled by 100% of Chinese capital, has suffered a major weakening in governance structure and voting rights, currently only retaining the right to income, basically losing the right to govern and vote on the company.

The Dutch action, despite appearing to be ¡°legitimate¡±, is in essence coordinated with the U.S. strategic deployment, with the intention of forcibly depriving China of its legitimate control.

On September 29, local time, the U.S. Department of Commerce issued the export control penetration rules, for enterprises included in the U.S. ¡°entity list¡± and other control lists, if the shareholding of more than 50% of the subsidiaries, will synchronize the same export control sanctions.

And this also tells us that the development of science and technology, in the end, to return to the new navigation of independent innovation, and the future China's enterprise globalization journey will face more similar encounters, in such a context, China must show the world that China protects the legitimate rights and interests of its own enterprises, to defend the fair international trade environment, both the determination, but also the ability and action. #MCN dual step forward plan #

Source: The Netherlands Freezes Thai Semiconductor Assets, Anselm Foreign Executives Require Transfer of Holding Equity