US EditionEU says China confirms Nexperia chip export resumptions
- On Saturday, the European Commission announced an agreement with China's Ministry of Commerce to restart Nexperia chip exports, with EU trade chief Maros Sefcovic saying non-military shipments face no Chinese licensing and take effect immediately.
- The Dutch government moved to take control of Nexperia, citing national security concerns and accusing the firm's CEO of mismanagement, which triggered Beijing to restrict the firm’s operations.
- The unusual practice of finishing European-made chips in China amplified the impact of the ban, as European manufacturers faced halted exports and Volkswagen warned of production stoppages while smaller automotive suppliers prepared cuts.
- Exemptions for civilian goods are paired with ongoing diplomatic engagement as China's Ministry of Commerce grants licensing exemptions for civilian exports and Sefcovic commits to talks with Beijing and The Hague.
- Selective chip exemptions point to diplomatic drivers and immediate, firm-level relief as Beijing reportedly tied some exemptions to a Xi-Trump deal, while Germany's Aumovio got Friday clearance to resume Nexperia exports.
20 Articles
20 Articles
Following progress in the chip dispute, Beijing announces exemptions for Nexperia exports. The EU is committed to increasing supply chain stability.
The European Commission stated this Saturday that the Chinese authorities confirmed the partial resumption of exports of Nexperia chips, which alleviates a blockade that alarmed car manufacturers.The dispute broke out in September, when the Dutch government took effective control of Nexperia, a company based in the Netherlands, but whose parent company is Chinese company Wingtech.China, in response, banned re-exports of the company's products fr…
This is a good sign for the car industry: China wants to simplify the export procedures for Nexperia chips, according to the EU Commission. German Chancellor Merz is also positive.
Coverage Details
Bias Distribution
- 64% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
