"The Dutch government felt it necessary to step in at the end of September by taking control of Nexperia, worried that the company's chip knowledge would leak to Chinese parent company Wingtech. Beijing responded immediately with export restrictions, which severely affected the production chain. Although 70 percent of Nexperia's chips are made in Europe, they are packaged and distributed in China."
"November 10 - China confirms that exceptions have been made to the export ban on chips from chip manufacturer Nexperia. The Chinese Ministry of Commerce confirms that these exceptions have been made, after China announced last Saturday that it would look into exceptions to the export ban. Some companies were able to obtain an exemption for "eligible exports." This was reported by the Dutch public news agency NOS."
"On Thursday, German company Aumovio, which manufactures parts for the automotive industry, was the first supplier to announce that it had been granted an exemption from the export ban. European Commissioner for Trade Šefčovič spoke this week of "welcome progress" in the negotiations between China and the Netherlands. The Chinese export ban had major consequences, as Nexperia's products are needed in virtually every electrical device. Last week, Sigrid de Vries of the European industry association ACEA said that some car manufacturers only had enough chips to last a few days."
The Dutch government seized control of Nexperia at the end of September over concerns that chip knowledge could leak to Chinese parent Wingtech. China responded with export restrictions that disrupted the production and distribution chain because most Nexperia chips are packaged and shipped from China. The restrictions caused acute shortages across industries, hitting European automotive manufacturers particularly hard. China later announced it would consider exemptions and the Ministry of Commerce confirmed eligible companies could obtain exemptions. Some suppliers, such as German firm Aumovio, received exemptions, and negotiations between China and the Netherlands showed signs of progress.
Read at Techzine Global
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