"The seizure on 30 September had prompted a furious response from China, which in early October banned exports of Nexperia chips from the country, where most of them are packaged and finished. That threw global carmakers' supply chains into turmoil, leading to production pauses in Mexico and warnings from EU manufacturers that they were days away from stoppages. China lifted the export ban on 9 November, and Volkswagen and Honda have indicated that Nexperia chips are flowing again to their factories in Germany and Mexico."
"In the past few days we have had constructive meetings with the Chinese authorities, Karremans said on Wednesday. We are positive about the measures already taken by the Chinese authorities to ensure the supply of chips to Europe and the rest of the world. We see this as a show of goodwill. We will continue to engage in constructive dialogue with the Chinese authorities."
The Netherlands suspended its decision to take supervisory control of Chinese-owned Nexperia as a gesture of goodwill to Beijing. The seizure on 30 September prompted China to ban exports of Nexperia chips, disrupting global carmakers' supply chains and causing production pauses in Mexico and warnings of stoppages in the EU. China lifted the export ban on 9 November and Volkswagen and Honda reported chips flowing again to factories in Germany and Mexico. Diplomatic meetings and recent constructive talks with Chinese authorities produced assurances on chip supply. Dutch intervention aimed to prevent Europe being locked out of chip production in an emergency.
Read at www.theguardian.com
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