Nexperia chips have begun flowing to Europe again, auto suppliers say
Beijing has followed through on promises to ease export restrictions, but a final deal to decide the chip firm’s fate has yet to be agreed
The first shipments of Nexperia chips are already on their way to Europe after Beijing granted exemptions to its export restrictions, German auto suppliers told the Post, easing the pressure on the battered European car industry.
But supply chain risks remain as Beijing and The Hague have yet to hammer out a final deal to decide the chip firm’s fate and US-China tensions continue to linger in the background.
“The decision by the Chinese Ministry of Commerce to ease the previously existing export restrictions on Nexperia products for civilian-use chips, and to no longer require a special export license, brings us at least short-term relief,” a spokesman with German car part supplier ZF Friedrichshafen told the Post on Monday.
“We have successfully completed corresponding test shipments from China to locations in the European Union, the United Kingdom and North America, and preparations for further deliveries are under way,” he said.