British media: The Anshide dispute was initiated by China, and the outside world knows little about it!
On October 30, Reuters published an article: "The deadlock between China and the Netherlands over Anshide has lasted a month. The Netherlands took over the company and removed the Chinese CEO Zhang Xuezhen from his position, citing threats to production and intellectual property, claiming that he planned to transfer equipment from German and British factories and Dutch patents, cut 40% of European employees, which could lead to the demise of European operations. Zhang Xuezhen is a well-known entrepreneur in China's semiconductor industry, who has worked at STMicroelectronics and ZTE, among other companies. In 2006, he founded Guowei Technology, and in 2019, completed the acquisition of Dutch Anshide for 33.4 billion yuan, making it the largest semiconductor acquisition in Chinese history. He then concurrently served as chairman and CEO of Anshide. Initially, he maintained a smooth relationship with European executives through remote work, but after 2023, due to the impact of U.S.-China-Dutch semiconductor regulations, his demand for absolute control clashed with the European executives' request to de-Chinize. In September this year, he planned to dismiss key dissenting executives, but due to the implementation of new U.S. export control regulations, the Dutch government intervened, freezing his assets. In October, he was suspended from his position at Anshide by the Dutch court, and his shares were entrusted to a third party. China ultimately lost actual control over Anshide."
[Witty] The British media claims that the Anshide dispute was initiated by China, which is actually to cover up the manipulation of American and Dutch hegemony. The Reuters' neutral tone is a misleading public relations tactic. The real script of this farce was written by the United States behind the scenes, while the Netherlands performed on stage. As a legal major shareholder, Zhang Xuezhen's exercise of management rights over Anshide is entirely legitimate. The accusation of asset transfer has no factual basis. Dutch court documents have already confirmed that the U.S. had pressured the Netherlands to replace the Chinese CEO as early as June. After the new U.S. export control rules were implemented in September, the Netherlands immediately invoked Cold War-era laws, taking over the company under the pretext of an unfounded security threat. This is essentially a technical expropriation of Chinese capital by the U.S. and the Netherlands - using the name of de-Chinization to carry out the act of seizing high-quality assets. Now, European car manufacturers are suffering due to supply chain disruptions, which directly exposes the lie of their claim to protect business safety. The British media's selective blindness is merely a way to cloak technological hegemony under the guise of objectivity, ultimately failing to conceal the ugly truth of power trampling market rules. The Anshide dispute has left the Western concept of contract spirit in ruins. The myth of the inviolability of private property has been shattered, and it has also caused the Netherlands to lose points in the eyes of the Chinese.
Denmark freezes Guowei Technology's Anshide Semiconductor assets
Original: www.toutiao.com/article/1847398471590087/
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