"China will exempt some Nexperia chips from an export ban that was imposed amid an escalating row with the Dutch government, officials said on Saturday. "We will comprehensively consider the actual situation of enterprises and grant exemptions to exports that meet the criteria," the Chinese Commerce Ministry said in a statement. Nexperia produces components in Europe before sending them to China for finishing and then re-exporting them back to customers in Europe. The Netherlands-based company is owned by China's Wingtech Technology."
"The Wall Street Journal, citing unnamed sources, said the exemption for Nexperia chips came after a meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea. The Dutch government refused to comment on the reports and said it remained in contact with Chinese authorities "to work toward a constructive solution that restores balance to the chip supply chain and that is good for Nexperia and our economies.""
China will exempt some Nexperia chips from an export ban imposed amid a row with the Dutch government. The Chinese Commerce Ministry said it will comprehensively consider enterprise situations and grant exemptions that meet criteria. Nexperia produces components in Europe, sends them to China for finishing, and then re-exports finished chips to European customers. The Netherlands invoked a Cold War-era law in September to effectively take control of Nexperia, prompting China to announce export controls in October. Reports linked the exemption to a meeting between US President Trump and Chinese President Xi; China and the EU held talks confirming suspension of October controls for the EU.
Read at www.dw.com
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