China grants exemptions to export curbs on Nexperia chips for civilian use

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China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers.

The announcement is the strongest signal yet from Beijing that it will ease pressure on the global auto industry caused by export curbs imposed after the Dutch government took control of Nexperia, a large manufacturer of basic chips used in automotive electrical systems.

Nexperia is based in the Netherlands but owned by Chinese…



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China grants exemptions to export curbs on Nexperia chips for civilian use



China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers.

The announcement is the strongest signal yet from Beijing that it will ease pressure on the global auto industry caused by export curbs imposed after the Dutch government took control of Nexperia, a large manufacturer of basic chips used in automotive electrical systems.

Nexperia is based in the Netherlands but owned by Chinese…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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