Chip export thaw: China exempts some Nexperia products from ban; signals easing with Europe
China on Saturday said it will exempt certain Nexperia semiconductor products from an export ban imposed amid a dispute with Dutch authorities, signalling a partial easing of tensions that had alarmed European businesses.
Anxiety over potential chip shortages had mounted after the Netherlands invoked a Cold War-era law in late September to take control of Nexperia, whose parent company Wingtech is backed by the Chinese government, AFP reported. Beijing responded by banning any re-exports of Nexperia chips to Europe and accused the United States of interfering in Dutch legal procedures to oust the Chinese CEO of the firm.
