China Lifts Export Ban On Chips Vital To Car Manufacturing

Benzinga

China lifted export restrictions on Nexperia auto chips and paused certain semiconductor material bans to the U.S., easing supply concerns for automakers. The shift follows a one-year trade truce between Xi and Trump, after the Netherlands seized control of Nexperia to secure Europe’s chip supply.

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

00:03China has lifted export restrictions on chips vital to car manufacturing

00:06and paused certain export bans on semiconductor materials to the U.S., according to the BBC.

00:12The Chinese Commerce Ministry said exports by Nexperia are now exempt from licensing for

00:17civilian use, easing fears among automakers of a supply shortage.

00:21The move follows an October agreement between Xi Jinping and Trump

00:24to reduce tariffs and suspend other trade measures for a year.

00:27The Dutch government took control of Nexperia in October to protect Europe's

00:32semiconductor supply, citing national interests, and China blocked the firm's

00:36chip exports in retaliation.

00:39About 70% of Nexperia's European-made chips are sent to China for final processing

00:43before being re-exported globally.

00:45For all things money, visit Benzinga.com.

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