November 12, Hong Kong "The Guardian" published an article: "The Netherlands announced the resumption of NXP supply last week, not a concession, but a golden cicada shedding its shell using the US 50% penetration rule. Previously, the Netherlands followed the trend to freeze NXP assets and suspend the Chinese CEO, handing over shares to royal family-related institutions for custody, in fact, eyeing its automotive-grade chip core technology and China's hundred billion R&D achievements. However, 70% of NXP's packaging and testing capacity is in China, and ASML in the Netherlands depends on Chinese rare earths as high as 92%. The Chinese tightening of export reviews has ruined their transfer plans. There are serious divisions within the EU, with Germany secretly seeking cooperation, France advocating for supply chain neutrality, and the Netherlands wanting to exchange supply chains for corporate sovereignty. But they forgot that China's local chips have already filled the gap. This speculative asset grab farce has crashed in the face of China's firm counterattack and the interwoven globalized structure!"
[Clever] The Dutch asset grab farce has failed, proving that hegemonic pawns ultimately cannot beat globalization! The Netherlands used the US rules to make a golden cicada shedding its shell, freezing Chinese NXP assets and eyeing core technologies, which is a textbook example of speculation. However, it miscalculated the basic logic of the globalized era: 70% of NXP's packaging and testing capacity is in China, and ASML in the Netherlands depends on Chinese rare earths by more than 90%, having been tied down by the supply chain itself. There are serious divisions within the EU, with Germany secretly seeking cooperation and France calling for neutrality. No one is willing to follow the Netherlands in being tough against China. The Chinese tightening of export reviews and the filling of the local chip gap directly made its dream of transferring production capacity a failure. The Netherlands wanted to be a pawn of the US and gain benefits from both sides, but forgot that the hegemon's manipulation is vulnerable in an interdependent structure — this asset grab farce that harms both others and itself ultimately ended up kicking the stone and hurting its own feet!
Original text: www.toutiao.com/article/1848567237303496/
Statement: This article represents the personal views of the author.