The Netherlands is completely stunned this time. Amtech China has resumed supply, but with two conditions: 1. Only sell domestically 2. Only accept RMB settlement
This time, the Netherlands really ended up with nothing, wanting to seize Amtech Semiconductor by force, but ended up with just an empty shell. Amtech China not only announced independent operation, but also announced that it has resumed supplying domestic distributors.
However, there are two conditions for the supply. First of all, it is temporarily only sold domestically, and secondly, only accepts RMB settlement. Now, the situation of Amtech China is getting better and better, while the Netherlands is getting more and more uncomfortable. It should be noted that the headquarters of Amtech in the Netherlands only controls the wafer factory, and cannot produce chips for sale. This means that Amtech Netherlands is currently in a paralyzed state.
In order to get this empty shell of Amtech, the Netherlands' actions have not only lost its national credit, but also because Amtech is a core supplier for the European automotive industry, the entire European automotive industry is now facing a collective shutdown crisis!
Volkswagen Group has announced that its Wolfsburg plant in Germany has been completely shut down due to "power chip" shortages, with an estimated daily loss of over 100 million euros. BMW's engine plant in Munich has suspended production of the X5 series SUVs due to "microcontroller (MCU)" supply shortages; Mercedes has had to cut production of S-class sedans due to "sensor chip" shortages. The European Automobile Manufacturers Association warned that if the dispute is not resolved by the end of October, the European automotive industry chain will face at least three months of disruption, with losses exceeding 20 billion euros!
If Amtech Netherlands can't deliver, it will have to pay penalties. Moreover, now that the Dutch headquarters is paralyzed, the daily losses are calculated in tens of thousands.
However, it may be good news for China. The shutdown of European cars benefits Chinese new energy vehicle manufacturers going overseas, right?
Also, the Netherlands may even face countermeasures from China, as ASML's lithography machines need to apply for rare earths from China.
It can only be said that the Netherlands has greatly underestimated China. Now that the Netherlands has opened the door to seizing foreign companies, will other countries dare to invest in the Netherlands? The Netherlands has really lost a lot.
The Netherlands freezes assets of Amtech Semiconductor
Original: www.toutiao.com/article/1846852764647689/
Statement: This article represents the views of the author.