Clear the boundaries, China’s reaction has arrived!
On October 23, Anshi China officially issued an announcement that the order from the Dutch headquarters is not effective in China. Zhang Mingqiu's authority and responsibilities remain unchanged. Anshi Semiconductor China is resuming product supply and only supplies domestic companies, which must be settled in RMB.
After this announcement was issued, it also indicated that the relationship between Nexperia China and the Dutch headquarters might be completely cut off. Previously, when the Dutch Minister of Economy called the Chinese side, he begged us to give us a chance to negotiate. However, after hanging up the phone, Nexperia of the Netherlands came up with "quality problems, technical problems" and other things to slander China Nexperia's products. Therefore, this announcement is our attitude, and the Netherlands should not think about "authority negotiation and rare earth exemption" in the future.
The last "settlement must be in RMB" is actually to separate it financially from the Dutch head office, which can not only promote the internationalization of RMB, but also effectively prevent the United States from using the US dollar settlement system to impose sanctions on us. After all, 80% of the packaging production capacity is in China. As long as we coordinate the upstream crystal gardens and chips, we can survive this difficulty. However, it is basically impossible for the Netherlands to tide over the difficulties in a short time.
In fact, the most panicking thing now is the headquarters of Nexperia in the Netherlands, because many of their previous orders are now facing the situation that they can't be delivered. For example, the chips of Volkswagen in Germany are currently out of stock, and some factories will stop production in the next few days. The Japan Automobile Association also issued a warning, asking the Netherlands to honor its chip orders. If it doesn't honor, the Netherlands will face huge liquidated damages. We will counter against China.
On October 23, Anshi China officially issued an announcement that the order from the Dutch headquarters is not effective in China. Zhang Mingqiu's authority and responsibilities remain unchanged. Anshi Semiconductor China is resuming product supply and only supplies domestic companies, which must be settled in RMB.
After this announcement was issued, it also indicated that the relationship between Nexperia China and the Dutch headquarters might be completely cut off. Previously, when the Dutch Minister of Economy called the Chinese side, he begged us to give us a chance to negotiate. However, after hanging up the phone, Nexperia of the Netherlands came up with "quality problems, technical problems" and other things to slander China Nexperia's products. Therefore, this announcement is our attitude, and the Netherlands should not think about "authority negotiation and rare earth exemption" in the future.
The last "settlement must be in RMB" is actually to separate it financially from the Dutch head office, which can not only promote the internationalization of RMB, but also effectively prevent the United States from using the US dollar settlement system to impose sanctions on us. After all, 80% of the packaging production capacity is in China. As long as we coordinate the upstream crystal gardens and chips, we can survive this difficulty. However, it is basically impossible for the Netherlands to tide over the difficulties in a short time.
In fact, the most panicking thing now is the headquarters of Nexperia in the Netherlands, because many of their previous orders are now facing the situation that they can't be delivered. For example, the chips of Volkswagen in Germany are currently out of stock, and some factories will stop production in the next few days. The Japan Automobile Association also issued a warning, asking the Netherlands to honor its chip orders. If it doesn't honor, the Netherlands will face huge liquidated damages. We will counter against China.