On November 19th, Dutch Minister of Economic Affairs Vincent Keijlman announced on social media X that the intervention measures against Nexperia had been suspended, and the Dutch government officially returned the operational control of Nexperia to its Chinese parent company, Wingtech Technology. This decision marks the temporary end of the nearly two-month-long geopolitical intervention and reveals that in the highly interconnected global industrial chain, unilateral administrative measures are difficult to shake the market reality.
The ministerial order referred to in the statement is the one issued by the Dutch Ministry of Economic Affairs and Climate Policy to Nexperia on September 30, 2025 (Dutch time), which requires Nexperia and all its subsidiaries, branches, offices, and other 30 entities worldwide not to make any adjustments to their assets, intellectual property rights, business, and personnel, with an effective period of one year.
The incident began at the end of September 2025. At that time, the Netherlands, citing "national security" reasons, suddenly froze Nexperia Semiconductor's assets and deprived Chinese shareholders of their management rights, instead appointing a local trustee to take over the company's daily operations. This move was ostensibly a response to the US export control policy - the US had previously placed Wingtech Technology on the Entity List and attempted to restrict its overseas subsidiaries from obtaining key technologies through the "50% penetration rule". However, this action soon triggered a chain reaction.
Although Nexperia Semiconductor is registered in the Netherlands, its core manufacturing and packaging and testing capabilities are highly dependent on China. The company has an important packaging and testing base in Dongguan, Guangdong, which undertakes more than 70% of the global back-end processes. Once it is out of Chinese management, not only will deliveries be disrupted, but even basic production capacity cannot be maintained. Global automakers were the first to be affected: Honda's factory in Canada was forced to halve its production, and the inventories of Volkswagen, BMW and other automakers quickly ran out. Tier 1 suppliers such as Bosch urgently pressured the Dutch government to restore supply chain stability.
In response to the strong backlash from the industry and the precise countermeasures from China, the Dutch attitude gradually softened. Since October, China has implemented export controls on rare earths, artificial diamond powder, and key materials for lithium batteries, directly hitting the pain points of Western high-tech and new energy industries. At the same time, during the Busan Summit, China and the United States reached a temporary consensus on export control rules. The US temporarily suspended the controversial "50% penetration rule", creating space for the easing of the situation.
In this context, the Dutch economic authorities ultimately opted for a pragmatic adjustment. On November 19th, the economic minister publicly stated that the intervention measures against Anshih had been suspended, essentially acknowledging that the damage caused to the global supply chain by the previous decision was far greater than expected. Currently, Anshih's factory in China has resumed chip exports, and major customers have received the goods. The automotive electronics industry chain is gradually returning to its normal track.
This incident has highlighted a reality: Even in the era of growing calls for technological decoupling, global manufacturing remains deeply intertwined. Attempting to sever supply chains through administrative orders is not only costly but also unsustainable. For Chinese enterprises, this is both a warning of risks and a strategic lesson - only by continuously strengthening technological autonomy and production resilience can they maintain the initiative in the complex international environment.
In the future, multinational technology enterprises may place greater emphasis on the "multi-location collaboration and risk diversification" operational model. Meanwhile, policymakers in various countries need to find a more sustainable balance between security concerns and economic rationality.
