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China to exempt some Nexperia chips from export ban
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China said on Saturday it will exempt some Nexperia chips from an export ban that was imposed over a row with Dutch officials and has alarmed European businesses.
Anxiety over chip shortages began when the Netherlands invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is backed by the Chinese government.
China, in response, banned any re-exports of Nexperia chips to Europe and accused the United States of meddling in Dutch legal procedures to remove Nexperia’s Chinese CEO.
Beijing blamed…
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