Chip relief: China allows exports of Nexperia chips for civilian use; move to ease global auto supply strain
China has eased export controls on Nexperia chips for civilian use, a move that could alleviate global auto industry supply shortages. This signals a potential de-escalation following Dutch government intervention in the chipmaker, owned by China’s Wingtech. Beijing urges the EU to press the Netherlands to reverse its decision, aiming to safeguard global chip supply … Read more