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On October 17, Dutch Minister of Economic Affairs Kalemans publicly stated that he wanted to talk to China about Nexperia, but it had only been 10 days since the Dutch government froze Nexperia's assets and removed Chinese CEO Zhang Xuezheng.
Before, the Netherlands dared to grab the equity of Chinese companies without evidence. Why did it suddenly bow its head? Is China's counter-measure just hitting its weakness, or is the pressure of the global industrial chain really unbearable?
On September 30, 2025, the Dutch government suddenly issued a freezing order, directly locking Nexperia Semiconductor, which is controlled by the Chinese company Wingtech Technology.
The assets and intellectual property rights of 30 entities around the world, even the power to adjust personnel, were lost, and even the position of Chinese CEO Zhang Qing Qing was removed.
And this order was based on the Cold War-era "Commodity Supply Law", which resulted in the use of the Netherlands, and the validity period was set for a whole year, such an outdated account operation is not common in the global economic and trade circle.
Only a week later, on October 7, the Dutch Corporate Court did something even more outrageous. Without any substantive evidence, it took away 99% of the equity and control of Nexperia from Wingtech Technology and handed it over to Third-party custody.
After the incident, the Dutch government said that Anselm had serious governance flaws, fearing that the loss of key technologies affected European security, but this was just said to export, was faced with facts.
In 2018, Zhou Tai Technology spent 33.2 billion to acquire Anselm Semiconductor, when Anselm just broke up from Philips, is in financial difficulties, and can't keep up.
It was after the Chinese team took over the operation, Ansheng slowly slowed down, not only to make zero liabilities, but also contributed 14.7 billion in revenue in 2024, accounting for one-sixth of Thai total revenue.
In the past five years, Anshi has paid 130 million euros in corporate income tax to the Netherlands, and has also created thousands of stable jobs in the local area. Regardless of financial data or social contribution, the governance defects mentioned by the Netherlands are an excuse for political intervention.
These operations in the Netherlands are almost synchronized with the actions of the United States, on September 29, the U.S. Department of Commerce just issued new rules, expanding the scope of sanctions to subsidiaries holding more than 50% of entity list companies, while Anselm, a wholly-owned subsidiary of Chen Tai, just hit the gun.
The Netherlands followed the freezing order, and later the court documents were exposed, and the United States had already put pressure on the Netherlands in June this year, clearly saying that Einstein wanted to take the entity list exemption, and had to replace the Chinese CEO.
In September, the deputy director of the U.S. Department of Commerce also stealed to The Hague and closed his doors to meet with executives from the Dutch Ministry of Economy, the Ministry of Foreign Affairs and ASML, resulting in a week later the Dutch court ruled that the outcome was unfavorable to Anselm.
There are so many signs that the Netherlands dares to go so far, behind it is all the United States that is supporting, facing the unreasonable operation of the Netherlands, China's counter-measures come quickly and accurately, every step is on the idea.
The Netherlands issued a freezing order on September 30th, and on October 4th the Ministry of Commerce of China issued an export control notice, which made it clear that the subsidiaries and subcontractors of Anselm Semiconductor in China did not export specific components, which directly struck Anselm's production capacity.
Anshike is a large company that ships 110 billion chips a year around the world, but 70% of its production capacity is in China. The packaging factory in Dongguan, Guangdong alone is responsible for shipping 70% of final products.
Export controls landed, Anselm's production line immediately stopped, and by October 14, Anselm had no way but to make a statement on the official internet, acknowledging that he was affected by Chinese controls, and could not guarantee the normal delivery of orders, and was applying for exemption.
But the core production capacity is in the hands of China, without the Chinese side, the so-called exemption is the measure of the slow-fighting army, and can not solve the problem at all.
In a few days, on October 9, China made another crucial trick, including five types of medium-sized rare earth in export controls.
This control is not only piping raw materials, even metallurgy technology, magnetic equipment are included, and even stipulates that as long as the rare earth content in products in China exceeds 0.1%, exports must apply for permission.
This policy broke the neck of the Dutch semiconductor industry in an instant, especially its impact on ASML's lithography machine production.
In the semiconductor industry, ASML’s EUV optical engraving machine is the core device for making high-end chips, but this optical engraving machine relies especially on rare-earth magnets.
A single table must use more than 10 kilograms of rare earth magnets. If the magnetic levitation table wants to achieve nano-level accuracy, it must use dysprosium-doped NdFeB permanent magnets.
In the global rare earth industry chain, China's advantages can not be compared, 93% of magnetic manufacturing capacity, 90% of separation processing capacity are in our hands, even U.S. enterprises have not mastered 99.999% purity of rare earth purification technology.
It is said that ASML is now in stock of titanium magnets, only enough to maintain production for eight weeks, if the application for rare earth export license delayed a few days, ASML's EUV optical engraving machine monthly production capacity may be less than 15 to 20 units, a year losses of 3.2 billion euros.
In order to bypass the regulation, ASML also wanted to move magnet production to Malaysia, but it was discovered that not only will the cost of materials increase by 12%, but the new factory will have to start production in 2027.
If samarium cobalt magnets are used instead of neodymium iron boron magnets, the lithography machine will be 40% heavier, and the structure will have to be redesigned. The research and development cycle will be at least 18 months longer. Neither method can solve the problem in the short term. ASML is now It's really no way.
At the same time, Wingtech Technology didn't just wait. The United International Law Firm filed a lawsuit with the Dutch Administrative Court, saying that the ministerial order of the Dutch government exceeded its authority.
The Ministry of Foreign Affairs and the Ministry of Commerce of China did not have a rest and had several formal talks, and the Foreign Ministry spokesman on October 13 made it clear that opposing the Netherlands to overuse the concept of national security and engage in discriminatory practices must safeguard the legitimate rights and interests of Chinese enterprises.
Such enterprises forward, the state to support the cooperation, let the Netherlands fall into embarrassment, robbed the company but can not get the production capacity, also have to pay off the order default money.
The effect of China's counter-repression soon spread to the global industrial chain, and the first panic was the European and American car companies that rely on Anselm's chips.
The power semiconductor is the core component of the power management system for electric vehicles, accounting for a 20% share in the global mature chip market.
Car standard chip has a feature, the certification cycle is 2 to 3 years, and once the car company has determined the supplier, it can not find a replacement in the short term.
This trouble quickly became apparent. Tesla's U.S. factory has begun to slow down, and the chip inventory on the production line is only enough to last for two weeks.
Volkswagen and BMW's mass production plans have also stopped, and the German Automobile Industry Association has rushed, warning that if the issue of the Nissan chip is not resolved by November, 300,000 cars in Europe will not be able to get off the line.
General Motors and Ford in the United States were more direct and sent a letter to the Dutch government saying that chip supply would be reduced by 15% next month. If the factory stopped production due to lack of chips, the Netherlands would be responsible for all losses.
The pressure on car companies here has not subsided, and ASML's predicament has made the Dutch government unable to sit still. Now the delivery cycle of ASML's EUV lithography machines has been delayed from the original 12 months to 18 months. Samsung, TSMC and other major customers have to adjust their mass production plans for 2nm and 3nm chips.
ASML is a pillar enterprise in the Netherlands. If it is in trouble, the Dutch economy and employment will be affected, and the government can no longer pretend to be calm.
On October 17, the 10th day of the freezing of Assets, Dutch Economic Affairs Minister Karemans finally relaxed, saying he was planning to negotiate with China about Asset, the news has been sent to the Chinese side.
But in the statement of reconciliation, with a bit of arrogance, Carlemagne specifically emphasized that he hoped that the Anchor Semiconductor would continue to develop in the Netherlands afterwards.
But he seems to have forgotten that Nexperia was originally a Chinese company. Since Wingtech's acquisition, it has not only spent money to help it turn losses into profits, but also increased its R&D investment by 150%. Now the Netherlands has robbed the company and wants to use Nexperia as a bargaining chip to negotiate conditions. This idea is really unrealistic.
The Chinese Ministry of Foreign Affairs has made it clear before that it is useless to blackmail China by coercion. The United States is an example.
The implication is that if the Netherlands does not change it first and withdraw its asset freeze and equity trusteeship from Anshi, there will be no negotiation.
Moreover, there are many cards in China that can counteract, lithium batteries, photovoltaic components, critical minerals in these fields, we have irreplaceable advantages, if counteract and upgrade, the Dutch losses will be much larger than now.
The farce of the Netherlands' 10-day submission not only put itself in a passive position, but also reminded those countries that want to follow the United States to contain China. Now that globalization is so deep, if they want to grab things by hegemony, they will only pit themselves in the end.
Originally, the Netherlands wanted to use the power of the United States to seize the assets of Chinese companies, but did not take into account China's core position in the industrial chain. Whether it is Anshi's production capacity layout or the rare earth supply chain advantages, they are all long-term accumulated competitiveness of China and cannot be replaced in the short term.
Now the Dutch pursuit of reconciliation is only the first step, and then it will be possible to recognize the reality, remove all unreasonable restrictions on Anselm, and directly decide where the matter will go.
If we still want to talk on terms with arrogance, it will only bring more resolute countermeasures, after all, China is no longer the kind of persecuted country in the past, and has enough capacity to protect the legitimate rights and interests of its own enterprises.
This also proves once again that international economic and trade cooperation must abide by market principles and international rules, and cannot engage in camp confrontation or technological hegemony.
Only by respecting each other's core interests, sitting down and resolving differences in an equal dialogue, can the supply chain be stable and smooth, which is not only good for China, but also the outcome that countries around the world want to see.
Source of information:
I want to talk to China, but the Netherlands is still cunning: it's not the U.S. that lets go.