Before you read this article, try hard to click on "Attention" to facilitate your discussion and sharing, but also give you a sense of participation, thank you for your support!
Edited by^W.n
To seize control of China's parent company over Anshi Semiconductor, the Netherlands thought that it was relying on Europe and the United States to "offend" China a little. Who would have imagined that it would eventually turn out to be the Netherlands to offend the whole world? Now even Brazil, which is far away in Latin America, has been hurt by the Netherlands's forceful seizure of control of Chinese companies.
Preliminary
The roots of the wave date back to a cross-border merger in 2018. In the meantime, China’s Zhou Tai Technologies launched the acquisition of the Dutch Anselm Semiconductor, a transaction known as “Slang Adsorption” that went through three years of advancement and finally completed a 100% holding in 2020 at approximately 3 billion yuan.
Anshi Semiconductor's predecessor was Royal Philips Semiconductor Business of the Netherlands, which leads the world in diode and transistor shipments. Its customers include global giants such as Apple, Samsung, and Tesla. After the acquisition, it quickly became the "profit cow" of Wentai Technology. In the first half of 2025, its semiconductor business alone contributed a net profit of 1.261 billion yuan.
Under the leadership of Zhou Tai Technology, Ansheng Semiconductor has achieved double growth in R&D and performance, R&D investment grew by more than 150% over the past three years, adding a thousand global patents, and also increased its layout in cutting-edge areas such as silicon carbonate, receiving $ 800 million in sustainable development associated loans and the industry's top EcoVadis gold certification.
This global cooperation model of "European research and development, China production" has once become an example of China-European industrial cooperation.
Struggle for geopolitical control
The shift will take place between the end of 2024 and the beginning of 2025.In December 2024, the U.S. Department of Commerce will include ZTE Technology on the entity list, and on September 29, 2025 will introduce a new “Breakthrough Rules” regulation that will extend the scope of the regulation to subsidiaries with more than 50% of the entity list companies, which will directly include Semiconductors in the scope of the regulation.
More importantly, documents disclosed by Dutch courts show that U.S. officials have explicitly requested the replacement of Anshi's China CEO Zhang Xuezheng, which became a prerequisite for obtaining regulatory immunity.
The subsequent actions of the Dutch government can be called "precise cooperation". On September 30th, based on the Commodity Supply Law, the Dutch government froze the assets and intellectual property adjustment authority of 30 subsidiaries of Nexperia worldwide for a period of one year.
On October 7, the court of Amsterdam flashed a decision, suspending the position of the chairman of Zhang Taizhou Technology in Anse, deposited its shares and transferred the key voting rights to foreigners; on October 28, the British "Financial Times" revealed that the Dutch government spoke to the local enterprise to "take over" Anse Semiconductor, trying to completely control the Chinese-owned company.
China's countermeasures and supply chain rupture crisis
Faced with the forced intervention of the Netherlands, China responded quickly. On October 16, Nexperia's internal system authority in China was cut off by the Dutch headquarters, and even the salary system came to a standstill, but the Chinese team immediately launched a counterattack.
On October 19, Ansh China District issued an open letter stating that the Chinese company, as an independent legal entity, accepts only the domestic legal representative's instructions, the Dutch headquarters "remote control" is invalid, and has ensured that employees' salaries are normally issued and operations are not affected.
At the same time, China's mother company, Zhou Tai Technologies, synchronized the domestic supply chain, and the Chinese Ministry of Commerce quickly introduced export control measures to cut off the connection of Anselm's European headquarters with China's core production capacity.
This initiative directly hit — — about 80% of the production capacity of the Ansel Semiconductor is concentrated in China, packaging testing, back-end manufacturing and customer delivery are all dependent on Chinese factories, European factories are only responsible for front-end crystal production, and after losing China's production capacity support, its global supply system is instantly paralyzed.
Crisis out
The effects of supply chain disruptions spread rapidly. European car companies took the lead in panicking. Volvo CEO Hokan Samuelson admitted that although Nexperia's chips are not highly strategic products, hundreds of components such as car door locks, air conditioners and speedometers all depend on their supply, and it is difficult to find substitutes quickly.
Major manufacturers such as Volkswagen have also issued warnings that European factories are at risk of shutdown.
According to data from the Brazilian National Association of Motor Vehicle Manufacturers (Anfavea), its members include global automotive companies such as Audi, BMW, Ford and others, which all rely heavily on the supply of chips from Nissan Semiconductors.
Barclays analysts pointed out that the majority of car manufacturers' stockpile of chips will only last for two to three weeks, and if the supply is continuously interrupted, the shutdown of production will be inevitable.This is also the central reason why the Brazilian government urgently sought help from China, which clearly stated that ANS China is the only reliable partner.
This industrial crisis, triggered by political intervention, has long gone beyond China's bilateral scope and has become a severe test for the stability of the global supply chain.
Anshi Semiconductor's case clearly demonstrates the deep collaboration characteristics of global industries-Europe's R & D capabilities, China's manufacturing capacity, and global market demand originally formed an efficient and complementary ecosystem, but they were forcibly torn under geopolitical intervention.
The Dutch government's calculations have obviously failed. What it is trying to control is just a "shell headquarters" without production capacity, customers and industrial chain support. The so-called "takeover" plan has become a castle in the air.
The difficulties in third countries such as Brazil further highlight the nature of the problem: In today’s ever-deeping global division of labor, any unilateral action based on political and private interests could trigger a chain reaction beyond expectation, ultimately damaging global industrial interests.
China's attitude has always been clear, and it does not accept any negotiation plan proposed on the basis of illegal acts. The Netherlands must first revoke the trusteeship and return the corporate governance right before negotiation is possible.
This storm has also made the world see clearly that behaviors that violate the spirit of contract and market rules will eventually pay a price, and maintaining the stability of the global supply chain requires countries to adhere to the bottom line of fairness and cooperation.