China, US ease Nexperia chip export restrictions, sparing automakers
Nexperia, a Dutch chipmaker whose basic chips power many European cars, just got some good news: the US and China are easing up on export restrictions that had caused shortages and alarmed automakers.
Talks are still ongoing to stabilize things.
China halted exports of Nexperia chips in October
Back in October, China stopped exports of Nexperia chips made from Dutch wafers, which hit automakers hard.
Now, following what some reports describe as a possible 'trade truce' discussed between Chinese President Xi and US President Biden, China is allowing some exports again—though each case needs special approval from their Commerce Ministry.
Why it matters
Nexperia's chips are essential for European car production. The partial lifting of the ban is a relief for automakers and shows how global politics can shake up tech supply chains.
For anyone interested in how international moves affect what ends up in our cars (and lives), it's worth keeping an eye on these developments.