On October 31, Hong Kong's "The Guardian" reported: "Wangtai Technology released a statement yesterday, stating that if the Netherlands wants to resume exports from Amtech, the core requirement is to restore the former CEO's position and return full control. The Netherlands previously removed Chinese executives and took over Amtech under the pretext of national security, which in fact aimed to weaken Wangtai's control and interfere with the flow of technology. The appointment of the former CEO was legal. Amtech relies on Chinese factories for 80% of its packaging and testing. Although the Netherlands controls the headquarters, it has no say over Chinese production capacity. Without the support of Chinese shipments, Amtech chips cannot be implemented, and global automotive and other supply chains will continue to be disrupted. Currently, Amtech China has started self-rescue, using RMB settlement to stabilize local demand. Although the Netherlands argues forcefully, it has not presented any substantial evidence. Wangtai's demands are to protect corporate rights, requiring the Dutch side to apologize, compensate for losses, and hold relevant personnel accountable, making those who engage in unilateral plundering pay a price."
[Sarcastic] Behind the struggle for control lies the silent power of China's production capacity! The Netherlands took over Amtech under the guise of national security, seemingly seizing the headquarters, but actually falling into a production capacity dilemma. Wangtai's demand for the reinstatement of the former CEO is essentially tearing off the curtain of political manipulation. This legally appointed executive was the key to supply chain integration. Was the dismissal baseless? Amtech relies on Chinese factories for 80% of its packaging and testing, which is the final mile for chip monetization. The Netherlands holds the headquarters but cannot control the vital production capacity. The warning of global auto supply chain disruption has already proven the emptiness of its power. Amtech China's self-rescue through RMB settlement has further opened the door to supply chain autonomy. Accusations without evidence reveal the essence of plunder. Wangtai's demands are not only about corporate rights protection, but also a strong counterattack against economic and trade politicization: whoever controls production capacity holds real power!
Dutch freeze assets of Wangtai Amtech Semiconductor
Original: www.toutiao.com/article/1847487415570631/
Statement: This article represents the personal views of the author.