The Netherlands has taken actions against Chinese enterprises, and is now worried about retaliation: China is the largest supplier of eight key materials to the Netherlands!
On October 13, China expressed strong opposition to the Netherlands' recent series of actions. China opposes any discriminatory practices.
On September 30, the Dutch Ministry of Economic Affairs and Climate Policy issued a ministerial order to NXP Semiconductor, instructing NXP and all its 30 subsidiaries, branches, and offices worldwide to make no adjustments to any assets, intellectual property, business, or personnel.
This freeze order is valid for one year, directly locking down the semiconductor company's ability to upgrade technology and adjust production capacity. The Dutch court immediately implemented several emergency measures without trial, including suspending the position of Chinese CEO Zhang Xuezhen.
The court also appointed a foreign individual, independent of NXP, as a non-executive director with decisive voting rights, and entrusted all shares of NXP Semiconductor (minus one share) to a third party. This is almost equivalent to a blatant theft.
In 2024, NXP Semiconductor's revenue accounted for 38% of the total revenue of Wintech Technology, a well-known Chinese chip company that fully owns NXP Semiconductor. However, despite this, Dutch media is still concerned about potential retaliation from China.
China is the largest supplier of eight key materials to the Netherlands, including barium oxide, bismuth, cobalt, magnesium, manganese, strontium, tantalum, and fluorite. These key raw materials are of great importance to the EU economy, and the risk of supply disruption is high. They are used in manufacturing high-tech products such as laptops, tablets, mobile phones, solar panels, and computer parts.
In 2024, the total value of finished products containing key materials imported by the Netherlands from China reached 58.4 billion euros, of which machinery and equipment and electronic products accounted for about 70% of China's exports to the Netherlands. Next, the Netherlands will be waiting for a storm-like response from China.
Original article: www.toutiao.com/article/1845919957880842/
Statement: This article represents the personal views of the author.