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China announced it will partially exempt Nexperia chips from an export ban, a move that eases significant concern among European businesses, especially the automotive industry.
The ban was originally imposed in response to the Netherlands using a Cold War-era law in late September to take control of Nexperia, a subsidiary of the Chinese-backed company Wingtech.
Beijing blamed this Dutch intervention—which it claims was influenced by the United States—for causing “chaos in the global supply chain.”
The chips in question are relatively simple components like diodes and transistors.
Still, they are vital for electronics in modern cars, accounting for nearly half of the electronic components used in the European auto sector.
The restriction had led European automakers to warn of potential production stoppages.
China’s commerce ministry said it would grant exemptions to exports that meet specific criteria, though it provided few details.
The decision to resume some shipments is reportedly linked to recent trade talks between the Chinese and US presidents. Germany welcomed the announcement as a “positive sign” of tensions easing.
