The contents of this article are written with authoritative materials and personal opinions. The source of the literature has been marked at the end of the article, so please know.
The Chinese side responded cleverly, and failed to move a soldier and a soldier let it go back in vain.
In the evening of October 12, The Dutch government has suddenly announced that it has frozen the assets of the Chinese company Zhongtai Technology in the Netherlands holding Anse Semiconductor Company, worth approximately RMB 14.7 billion.This is not a simple economic dispute. It is an incident in which European and American countries joined forces to "secretly seize" it.
The law used in the Netherlands is the Goods Availability Act, which is not an international practice, but a few local regulations.
According to this law, The Netherlands has dispatched non-Chinese independent directors to manage Anselm Semiconductor, and bypassed the Chinese management.He was formerly the chairman of the Chinese, and was also dismissed by a document.
This move came unexpectedly. What's even more irritating is that the Netherlands is not its own backbone. A few months ago, the U.S. Department of Commerce just set a new rule, that is, even if Chinese companies are indirectly controlled by a third party, once they hold more than half of the shares, That overseas subsidiaries were all drawn into the blacklist, "share penetration" this new rule, was soon seen by the Netherlands as a shield.
In fact, there was a clue about this before. According to Reuters, In the past, the United States had put pressure on the Netherlands to change its semiconductors.That Chinese CEO would otherwise let the Dutch government eat a bit of the economic bitterness, which is not much known, but in fact is slowly pushing the later takeover to happen.
The U.S. sets the rules, and the Netherlands takes action, and China becomes the victim.However, they ignore a key fact: China is no longer the China it was.
In less than 24 hours, the sanctions were announced. At this time, China's Ministry of Commerce launched an unequivocal counterattack. Nexperia's assembly plants in China immediately fell into a state of export restrictions, and any chip components in any form Transportation abroad is prohibited. So what it involves is the entire factory operating system, and not just a single production line.
Many people don't understand what Nexperia does. In fact, it is very simple to make automotive-grade power devices. That is, the nervous place for car manufacturers such as Volkswagen and BMW in Europe. Once they are out of stock, the entire line has to be stopped.
Anshi ships more than 40 billion car gauge products in China a year.The components in this number are applied to key fields such as new energy vehicles, intelligent driving modules, and power supplies.
It has eight customers belonging to one of the world's top 10 car manufacturers, and the entire supply chain looks both complex and centralized, if such chips are to be dealt with. Finding new suppliers from scratch is not possible to get things done quickly, and it will take three months to re-verify the verification process.
For China, this counter-conflict is not complicated at all, but the effect is quite fatal.Anse is headquartered in the Netherlands, but its core manufacturing capacity is still in our country, Without China's supporting supply as a backing support, then the entire company is an empty shelf placed there is useless, and not getting goods orders will definitely become an empty check.
This is not the most ruthless. China is still studying how to attack Dutch rare earth exports. If it was rare earth tension, the Dutch proud ASML would have to turn off, and the world's chip manufacturing would have to rely on their light engraving machine,The high-end components in these machines basically rely on China's rare earth supply, and this stuck ASML directly lacks oxygen.
In recent years, the United States has been constantly urging its allies to “technology blockade” against China, and the Netherlands is one of them. In 2023, in order to cooperate with the first round of bans issued by the United States, export controls on lithography machines to China were imposed, but the sanctions at that time did not include "non-strategic assets" such as Anshi.
Now a new round of “penetrating sanctions” is aimed at not only state-of-the-art technology but also holding companies of Chinese companies abroad. The "target" has also turned from the previous technology into the right to manage capital and even legally operate.
What is even more absurd is that the trigger for all this has to start in 2018. At that time, Wingtech spent 33.7 billion yuan to "revive" Anshi.So Zhou Tai took full control of the shares of the Anse Semiconductor Company, the originally unnamed enterprise, by holding holdings in Hong Kong. Within a few years, it has rushed from a small company in Europe to the third place in the world in power devices and the first place in the China market.
Originally, the Netherlands wanted to get rid of the burden, but I didn't expect the Chinese to be so capable, and they suddenly became golden roosters. It can really be described as "killing the donkey" to take back the company now.However, this donkey is no longer something he can drive at will.
From 2024, Wingtech's technological leadership will be listed as the "Entity List" by the United States. By September 2025, The U.S. Department of Commerce has also issued the so-called “share penetration” new rules, which actually opens a legal window for allies to loot Chinese enterprises.
Don't just look at a regulatory amendment, the United States is redefining the new rules on the world capital, no matter what you are the legal owner, in his eyes you only have the ultimate right to benefit.
The Dutch servers first implemented the looting, but China is now not as old as before, and the confession measures hit the harm directly. What is even more sad is that the Netherlands also understands in its heart that the recovered Anshi is useless.Without the Chinese supply chain and the help of the Chinese, taking the company back is just an empty shell, and it can only be bankruptcy liquidation.
And the significance of this Chinese counterattack is not one or two companies can summarize, China with Anselm this knife is the door to the EU industrial chain.
These European automobile factories are staring at, looking at the supply of parts, the trade pushes backwards, the inventory is not enough to temporarily reduce production, This is not only the German government and the EU’s industrial policy, but the trade between Europe and China as a whole.
Speaking in Beijing, this is a matter of corporate rights protection and a game of international rules. If you say that rules cannot touch other people's wallets, then I will not touch yours. Do you want me to stop doing things if I have no rules?
From the outcome: a blow down, the Netherlands eats the junkie, the EU is shaken. who dares to move the Chinese business mind? which country learns to play? This is not a small matter between China and the Netherlands. It is a queue game for the global investment landscape.
Finally, Chinese enterprises should be more sober when developing abroad. In the past, it was unavoidable to rely on equity and capital to buy foreign technology. Now the world structure is different. The technology has to be made by ourselves, and the supply chain has to be made by ourselves. With a steady hand, can anything outside save us? It's a joke if you encounter a "penetration rule".
The Ansh incident was both an alarm clock and a counterattack, and the Chinese light sword highlighted the bottom line: The Chinese bourgeois are exempt.
reference
1. "Sudden! Wingtech Technology's 14.7 billion yuan semiconductor assets freeze" 2025-10-13 17:50 | Source: Sina Finance
“Overseas Web Review: The U.S. Plan to Suppress China’s Science and Technology Has Failed” 2025-06-04 14:23 PM Source: Beijing Daily Client
Semiconductor enterprises, the United States under explosive pressure from the Netherlands to replace China CEO 2025-10-16 11:19 PM Source: Global Times