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00:02China agreed to loosen export restrictions on chips made by Nexperia, the Netherlands-based
00:06Chinese-owned automotive semiconductor firm, according to The Wall Street Journal.
00:10The decision filed talks between President Trump and Chinese leader Xi Jinping that led
00:15to a temporary trade choice, according to The Wall Street Journal.
00:18The decision allows eligible exports to resume from Nexperia's facilities in China,
00:22where about 78% of its chips are processed.
00:25Beijing blamed the Dutch government's improper interference for disrupting supplies after
00:29the Netherlands seized control of the company from WingTech, which is on a U.S. trade blacklist.
00:34Chip shortage had forced automakers to haunt North American production amid the global semiconductor crunch.
00:39For all things money, visit Benzinga.com.
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