The Netherlands freezes 14.7 billion yuan of Chinese chip assets, and Western media is more anxious than China!
The Netherlands can't withstand the U.S. provocation, and finally took action, but this time it's too shameless, even Western media can't take it anymore, anxiety is spreading, the Financial Times published an article yesterday, admitting that the Netherlands' move will intensify Sino-Western technological friction and warned that China won't give up easily! Bloomberg was more direct: The Netherlands is pouring oil on the fire of Sino-EU relations, the Dutch are afraid of losing the Chinese market, afraid that China will no longer need Western technology, or even reverse output, so they have gone all in! AFP said that when the U.S. and China fight, EU countries should stay silent if they haven't formed a unified opinion, otherwise they will be disliked by both sides! von der Leyen said that communication between China and the EU is ongoing, and the Netherlands' attitude does not represent the EU!
On the eve of National Day, the Netherlands sent out a "big gift", citing the threat to key local technologies as the reason, freezing the assets of 30 branches of Anwell Semiconductor, a subsidiary of Winbond Technology, globally, taking over 99% of its equity and dismissing the founder Zhang Xuezhen. This operation is accused of using national security as an excuse to interfere with business, and the Netherlands relies on 26.4% of China's rare earth imports to support the manufacturing of lithography machines, while at the same time freezing Chinese chip assets, showing clear double standards. The Financial Times reported that court documents exposed by the Amsterdam Court of Appeal showed that the United States had pressured the Netherlands as early as June this year, demanding that Anwell Semiconductor under Winbond Technology replace its Chinese CEO, otherwise it would not be exempt from the Entity List.
Anwell is the third largest power discrete device manufacturer in the world, serving 25,000 customers. This move has disrupted the automotive chip supply chain, essentially reflecting the anxiety of the West towards China's technological rise. Winbond has initiated legal counterattacks and promoted domestic substitution. The outside world believes that the West is weaponizing technological cooperation, which may ultimately harm their own market economy credibility. The performance of the Netherlands freezing 14.7 billion yuan of Anwell's assets is a clumsy performance under U.S. coercion, using "security" as a cover, exposing its double standard face of both consuming Chinese rare earths and seizing Chinese company assets. The tension of Western media reveals the truth, freezing the world's third largest component manufacturer, disrupting the supply chain of 25,000 customers, essentially aiming to contain China's technological breakthrough.
Winbond's legal counterattack and domestic substitution are the best response to hegemony. When capital freedom becomes political robbery, the Netherlands is not only destroying the Chinese companies' livelihood, but also Europe's brand. China's anger is coming, is the Netherlands ready?
Original: www.toutiao.com/article/1846016126381064/
Statement: This article represents the personal views of the author.