The Netherlands freezes Anselm’s assets, the Chinese Ministry of Commerce rejects an export control。
Now the situation is reversed, you want to restore the supply? But it has to be done according to Chinese rules-RMB settlement。
This is the counter-card played by China in the semiconductor game.
Where is China playing this trick?
First the conclusions. Xi Jinping China resumed supply, condition is that all settlement in RMB。
This condition is not Dutch. It's a rule set by China。
The Dutch government froze the assets of Anselm Semiconductor at the end of September, suspending the Chinese CEO in an attempt to seize control.
China's Ministry of Commerce took action on October 4th, Nexperia China is banned from exporting chips produced in China。
This trick is tough.。Seventy percent of Anshi's global packaging production capacity is in Dongguan. There are no China factories, the Netherlands cannot get finished chips, and customers around the world are out of stock.
The Netherlands wants to control Anselm. He found himself stuck in the neck.。
Now Anselm China has begun to restore domestic market supply. The domestic market.。 Distributors can get the goods, customers can place orders, and the production line is turning.
Here comes the new rule: RMB settlement。
Anshi used to use U.S. dollars for transactions, but now it's impossible. All transactions on the domestic market must be in RMB.。
How powerful is this action?
The Netherlands cut off control of money flows.。Settlement is made in US dollars, and the money goes through the international banking system. The Dutch government can keep an eye on it and freeze it.
In RMB, money flows through China's banking system. The Netherlands does not.。
Second, it has strengthened independent operations in ChinaThe currency is not just a currency. is to take back full control of financial decisions.。
Nexperia China collects its own money, manages its own accounts, and pays its own wages.
Freezing assets in the Netherlands? Sorry, you can't freeze my money。
Forcing customers to accept currencies.Ansel’s customers are all over the country, and many also have business contacts with overseas.
Take the goods now? Must be in RMB。
This is equivalent to promoting the use of RMB in the semiconductor industry chain.
It is said to be a Chinese rescue zone. Yes, but this self-rescue move was accurate。
The Netherlands controlled overseas operations, China controls core production capacity and home market。You have the technology, I have the factory. You want to sell, Gotta follow my rules。
Wentai Technology's statement is straightforward: Considering that Europe may cut off systems and funds, China must operate independently to ensure supply to domestic customers。
The Dutch want to play shit, we’re here.。
China resumed supply. Domestic trade only, all RMB settlement, this Creating new rules.。
Think about the current situation of the Dutch government. Originally, he wanted to control the entire company by freezing assets, but as a result, Direct independent operation in China。
The Netherlands has overseas business. Loss of Chinese market and production capacity。
In the first half of the year, China accounts for 48 percent.If this market is lost, what does it mean for the Dutch to control Anselm?
China is ahead of the Netherlands in this move。
United States and Netherlands joint agency
Looking back, how this game started.
America is the beginner.In June, U.S. officials approached the Dutch government. The words are very clear: Nexperia wants to be exempted from the entity list? Yes, replace the Chinese CEO。
Zhou Tai Technology is a Chinese enterprise, spending more than 30 billion in 2018 to acquire Anselm Semiconductor.
The US doesn’t want the Chinese to control such a large semiconductor company.。
The Netherlands listened, and on September 29, the US Department of Commerce issued new rules, Penetrating export controls into subsidiaries of entity list companies。
Wingtech Technology is on the entity list, and Nexperia cannot escape.
The next day, the Dutch government took action。
On September 30, the Dutch Ministry of Economic Affairs, pursuant to the "Law on Supply of Materials", Frozen the assets of 30 entities under Wingtech TechnologyThe reason is to ensure the security of the supply chain.
This reason can’t stand.Anthony was in the Netherlands, and production operations are normal, Where is the supply chain unsafe?？
Seeking an excuse to take control.。
Within a week, the Dutch court issued three consecutive rulings. First, Zhang Xuezheng was suspended as CEO and then handed over the equity to a third party for custody. Finally appointed foreign directors to get voting rights。
This combination kicked down, and Anse’s decision-making power was taken from the Netherlands.。
Furthermore, the emergency requests were submitted by foreign executives within Anse. Chief Justice Officer, Chief Financial Officer, Chief Operating Officer, All foreignersThey joined forces to appeal to the Dutch court, saying the company had problems and requested an investigation.
You said it was accidental?
This was a planned operation.U.S. regulation, Dutch execution, internal executive cooperation.The objectives are clear: Throw the Chinese out of management.。
This is clearly stated in the public documents of the Amsterdam court.
US officials told the Netherlands: Ancelotti’s Chinese CEO needs to be replaced。
This is not a business decision, A political operation.。
The Chinese Ministry of Commerce understands this. So the countermeasures come quickly。
On October 4, the Ministry of Commerce issued an announcement, China and its subcontractors to ban exports of finished components produced in China。
Where is this trick? At the door of Anja.。
Anselm's design and circle manufactured in Europe, Packaged in Dongguan, ChinaDongguan factory accounts for 70 percent of global production capacity. Anshi's global supply chain was broken。
The Dutch government wants to control Nexperia, I found myself being rejected.。
Reporters visited the Dongguan factory in mid-October and found that the factory had restricted shipments and was ready to implement the "Fourth Hour". Not because there is no order, but because there is a problem with the supplies.。
The Netherlands has probably cut its supply to China. This is forcing the Dongguan factory to stop production。
China is not waiting. Adjust the strategy immediately.。
The deep game behind the currency settlement
We have settled this currency. On the surface, it is a change of currency, in fact, it is a takeover of control.。
Nexperia China issued a statement saying that the labor relations of domestic employees are all in domestic companies, Wage bonuses are issued by domestic companies, not by Dutch entities.。
What does this mean? Financial independence。
The Netherlands has frozen Anselm’s overseas assets. Can't freeze accounts in ChinaDomestic money is domestic, and the Dutch government cannot reach out.
The currency settlement is further on this basis. Not only wages are paid in RMB, but all transactions are in RMB。
Customers want to place an order? The RMB。The distributor wants to take the goods? The RMB。 The supplier wants to settle? The RMB。
As a result, China's cash flow is entirely domestic. Do you want money from the Netherlands?。
Some say it is an emergency measure. Yes, but this contingency is a game-changer。
Previously Anselm China was a branch of the Dutch parent company, and its finances are controlled by the parent company. Operated independently, manage your own money and make your own decisions.
The Dutch government freezes assets.。
Let's look at the market level. In the first half of Anshi's revenue, China accounted for 48%. The market is so big that the Netherlands can’t afford it.。
In China, the currency is now settled. Hold the market firmly in your hands.。
The Netherlands wants to take back the business in China? Sorry, customers are accustomed to the RMB, the supply chain runs domestically, what you take back？
It is not finished. The currency is also of strategic importance.。
Semiconductors are high-tech industries, the transaction amount is large, the industrial chain is complex. It is equivalent to promoting the internationalization of the RMB。
Anshi's customers are not just domestic companies, There are also many China branches of multinational companies。
For these companies to take goods, they must use RMB.
Over time, the RMB's share of semiconductor transactions will increase。
China is Use the Anshi case to promote the use of RMB in the technology industry chain。
The Dutch government is now embarrassed controlling overseas business, Lost the China marketRestoring the supply, Accept the Chinese rules.。
This is Treat others in their own way。
You freeze my assets, I'll operate independently. You want to choke me, I’ll start with your production.。
Global supply chains are bearing the cost
The impact of this game has spilled over, America's auto industry was the first to feel it。
Several European and American automaker organizations have issued a warning that the supply of chips caused by the dispute between China and the United States has been disrupted. It will soon affect U.S. car production.。
Why? Ansel’s power semiconductor is too important for car electronics。
Battery management, charge control, motor drive, Unable to unlock the chip.The electronic systems of traditional fuel vehicles are also widely used in Anselm's products.
Now the Netherlands has frozen Anselm’s assets, and China has restricted Anselm’s exports. Global supply chains are impacted。
The United States originally wanted to control Anshi through the Netherlands, Their own car was damaged first.。
This is the reality of globalization. The industrial chain is deeply bound, no one wants to be alone.。
The Dutch Ministry of Economic Affairs said it would have a dialogue with China within a few days. The Netherlands knows it too.。
The logic of the semiconductor industry is simple. Design, manufacture, package, Three points are missing.。
Nexperia's design and wafer manufacturing are in Europe, and packaging is in China. Both sides continue to fight, and no one can produce a complete product.。
Whose side is the pressure now? In the Netherlands。
China has a huge domestic market. Anselm China operates independently, Supply domestic customers, no problem in the short termThe Netherlands has technology. Without China's production capacity, global customers can't get the goods。
What will American customers choose? They'll force concessions from the Dutch government.。
This is the power of China's counter-measures. Not tough, but tough salary.。
Finally, let's talk about reality. This incident taught everyone a lesson. Key technologies and core production capabilities must be in their own hands.。
Autonomous control is not a slogan, but a rule of survival。
The reference information:
China's Ministry of Commerce to Implement Export Controls on Anchor Semiconductors · International Electronic Business · October 2025
An actual exploration of Nexperia's Dongguan factory in the turmoil: shipments have been restricted · Observer.com · October 2025
The Netherlands Freezes Anselm Semiconductor Assets China Commerce Ministry Implement Export Controls · New Wave Finance · October 2025
Court documents exposed: The United States has put pressure on the Netherlands to exempt China from replacing CEO · Observer.com · October 2025
Wingtech Technology responds to the complete interruption of Nexperia China's employee authority · Observer.com · October 2025
The Dutch Ministry of Economic Affairs has revealed that it will have a dialogue with China within a few days. · Observer Network · October 2025
Anselm China's latest speech · New wave finance · October 2025
China's Foreign Ministry's response to the implementation of export control of Anselm Semiconductors · China News Network · October 2025