China Lifts Nexperia Chip Export Curbs After Trump-Xi Trade Truce

Benzinga

China agreed to ease export restrictions on Nexperia’s chips following Trump’s trade talks with Xi Jinping, allowing shipments to resume from Chinese facilities. The move comes after the Netherlands seized control of Nexperia from Wingtech, a U.S.-blacklisted firm, amid a global chip shortage impacting automakers.

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00:00It's Benzinga, bringing Wall Street to Main Street.

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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