China retaliates against the frozen shares of Winetech, and the Netherlands is now in a daze: why is the situation not as expected!
After the core subsidiary of Winetech, Amphenol Semiconductor, faced an unprecedented "freeze" in the Netherlands, China subsequently launched a series of countermeasures.
First, China announced a ban on the export of specific finished components by Amphenol's Chinese subsidiaries. This means that Amphenol cannot deliver any products to its customers. Because nearly 80% of Amphenol's semiconductor production capacity is located in China. You froze my equity, so I'll freeze your business instead.
In addition, 32 companies under the Chinese Semiconductor Association issued a joint statement condemning the Netherlands' actions for disrupting the global chip ecosystem. In the future, no Chinese chip factory will invest in or carry out other acquisition activities in the Netherlands.
Finally, China initiated the procedures under the "Anti-Foreign Sanctions Law," incorporating 17 strategic minerals required for the production of lithography machines into the list of goods subject to export licensing. This is almost tailored for the Netherlands, and it may cut off the supply chain of Dutch lithography machines.
On October 15, the factories of Amphenol Semiconductor in Europe were in serious trouble. Because their inventory of raw materials only lasted 14 days, which means that production would be completely halted after 14 days. At this point, the Dutch government was thoroughly panicked.
On October 16, the Dutch government held an emergency meeting. According to insiders, the meeting focused on one topic: whether to make concessions to China regarding Amphenol Semiconductor. The Dutch realized that the development of the situation was different from what the United States had promised. The losses that Amphenol Semiconductor caused to the Netherlands far exceeded their expectations, and perhaps this incident will teach the Europeans a lesson: the United States can no longer control everything now.
Original article: www.toutiao.com/article/1846198031985672/
Statement: This article represents the views of the author.