The hottest thing these days is nothing more than the Dutch and Anselm semiconductor's "big show".The Dutch side has been waiting for 19 days, thinking that the Chinese side will be soft, and what is waiting for?

The news of China's "resumption of supply" came, but two "but" immediately followed, which directly blunted Europe: First, it is not sold abroad, only for the Chinese territory; secondly, payments are made only in RMB and refused in dollars.

You don't see it wrong, this wave of operations, simply falling, is simply playing "you hit you, I hit me" to the extreme.It is no longer a simple business game, it is a textbook-level sovereignty, industry chain and financial "three-line counterattack".

"7 days to seize power", Dutch arrogance and miscalculation

The Dutch government didn’t even know what was wrong, and suddenly overthrew an old law of the Cold War – the Goods Availability Act – and said that “national security” was threatened. Frozen the assets of 30 subsidiaries of Nexperia worldwide。

What is Nexperia? The global giant of automotive chips and the "exclusive supplier" of many key components.

Freezing assets was not enough, and the Dutch court immediately took action "quickly", It took only seven days to unilaterally announce the dismissal of the position of the director of the Chinese real-control man.And forcibly appoint foreign directors to "take over" the company.

This eating style is really ugly.

The Dutch think that if I take your "headquarters", your company will belong to me. They forgot the most crucial point: Nexperia's "soul" is in China。

Seventy percent of Anshi Semiconductor's global packaging and testing capacity is in factories in China. What you took in the Netherlands was the office and legal documents in Amsterdam, but you couldn't touch the real production line, engineers and supply chain.

China's "silent counterattack": 19 days of suffocation

Faced with the Dutch "power grab", what did China do?

On October 14, Xi Jinping issued a statement, which was very simple: according to the export control announcement issued by the Ministry of Commerce of China on October 4, The export of certain commodities produced in China is prohibited。

You don’t want to rob the company? yeah, I pulled the factory’s “electric gate” and saw what your “empty shell headquarters” could play out.

This time, Europe was completely fried.

The German Automobile Manufacturers Association is the first to jump out and issue an early shutdown warning。Germany's "Handelsblatt" made a calculation and found that if the interruption of supply continues, German automakers will lose 20 billion euros in the next three months。Munich's Infineon can replace some of it, but it can only withstand one-quarter of Anshi's supply.

Then, the dominoes fell:

German VolkswagenAt the factory in Wolfsburg, production was stopped, and these popular models directly "lie flat".
BMWEV production lines in Munich are stagnating, with delayed deliveries of some models.
American Auto AllianceIt was also rushed, saying it would affect the delivery of 500,000 cars, and Ford was even more directly screaming to the Dutch government for compensation.

Even worse, the newspaper hit a big shit: All European aerospace and defense enterprises are using the products of the Ansel Semiconductor Dongguan plant.95% of machinery manufacturing and 86% of medical technology depend on it.

In the past 19 days, the telephone of Dutch Economy Minister Karemans was estimated to be blown up. He hit Beijing fiercely, saying in his mouth that “import the relationship between China and the Netherlands” and “solve the problem as soon as possible”. But I just don't mention the words "apologize and correct mistakes"。

On October 23, the EU Leaders 'Summit directly opened into a "criticism conference" for Dutch Prime Minister Schhoff. He was still quibbling, saying that this was "CEO mismanagement" and had nothing to do with the "penetration rules" of the United States.

Germany could not ignore it, stood up and said to be a "mediator", and specifically mentioned "America". The Netherlands is the backbone for America.。

The real killer: resume supply, but only charge RMB

Just as Europe became a pot pot, on October 23, the "King of China" came.

First of all, Anshi China issued a statement: The relevant decision of the Dutch headquarters has no legal effect in China。 You dismissed yours, I won't admit it. This is called the declaration of "legal sovereignty".

Second, and the most important: China officially resumed supply。

The Europeans were probably about to breathe a sigh of relief, but the terms were clearly understood:

Limited to distributors within China and not sold abroad. (Do you not have problems with the quality of my products in Europe? well, don't use it first, I sold to my trusted domestic customers.)
It must be required to use RMB settlement and refuse foreign exchange payments such as dollars.

The second is the “winner” of this game.

Why “forced currency settlement”?

Friends, this is the real "deep-down."We used to doing semiconductor business before, we used to using dollars. The "50% penetration rule of entity list" in the United States is like a spellIf you dare to settle with dollars today, the United States will be able to freeze all of your chains of money tomorrow on the basis of “sanctions.”

In China, this is yes. “Destroy the mine.”。

This is by avoiding geopolitical risks, by taking back the financial “doors” from America’s hands.。We don't use your SWIFT, we use our own RMB Cross-Border Payment System (CIPS). CIPS now covers 189 countries and regions around the world, making it safe and efficient.

This move, Directly breaking the unspoken rule that the semiconductor industry has long been monopolized by the US dollar。

Where did the Netherlands lose? Take "chicken feathers" as "command arrows"

Now let's review the offer. Where did the Netherlands lose?

It is lost, It thought it grabbed a company, but in fact it only grabbed an "empty shell"。

It thinks that it controls the "headquarters" and can order everything. It forgets, 70% of Ansel’s production capacity, core R&D and production bases are in China.Chinese factories do not knock their heads, your "headquarters" can not make a screw nail.

And the Chinese counterattack can be referred to as the "stable struggle":

Policy layer: The export control of the Ministry of Commerce is the "imperial sword" that holds your lifeline legally and in compliance.
Legal levelAnse’s parent company, Wingtech, is also not out. Launched international arbitration and transnational litigation, with claims exceeding 10 billion euros。
Industry layer: When domestic chip companies see this situation, they don't hurry up the replacement process?

In order to please the United States, the Netherlands sacrificed the "cash cow" that paid you 130 million euros in taxes every year, in exchange for the "collective contempt" of European allies and the huge claims from China. Can the Dutch calculate this account themselves?

A double “breakdown” between finance and sovereignty

The 19-day counter-attack of Xi Jinping China has given the most vivid lesson to all Chinese enterprises that are “going out”:

True autonomy is not only the autonomy of technology and production capacity, but also the autonomy of financial settlements and legal rights and interests.

In today's global geopolitical complexity, you only have technology, no financial "firewall", others can destroy you. Industrial chain security, monetary security and sovereignty security must be deeply linked.。

The Dutch intervention was intended to give China companies a blow, but it turned out to be a "divine assist" for RMB internationalization in the semiconductor field. It proved with its own "painful lessons": Any cross-border intervention under the name of "national security" in the face of Chinese enterprises' determination to defend their legitimate rights and interests, is ultimately to hit a wall.。

This game is not yet over, but the signal is extremely clear: China companies do not want charity from others, but a fair status in the global industrial chain. and RMB settlement is our "shield" to defend this fairness。