Summary
China has lifted export restrictions on computer chips used in car manufacturing, which were previously controlled. The chips, made by the Chinese-owned company Nexperia, are now exempt from Chinese export bans, helping ensure a steady supply for European carmakers.
Key Facts
- China removed export restrictions on chips used in cars, which are made by Nexperia.
- Nexperia is based in the Netherlands but owned by the Chinese company Wingtech.
- The Dutch government took control of Nexperia to secure European semiconductor supplies.
- China initially blocked exports of the company's chips, creating concerns over potential shortages.
- The European Automobile Manufacturers' Association warned that chip supplies were low without the ban being lifted.
- Major carmakers like Volvo, Volkswagen, and Jaguar Land Rover raised concerns over potential production issues due to chip shortages.
- The EU trade commissioner announced China would simplify export procedures for Nexperia chips for civilian use, easing the licensing requirements.
- China's commerce ministry called on the EU to influence the Netherlands to adjust its policies.
