Talks are continuing with China on finding a “lasting, stable, predictable framework that ensure the full restoration of semiconductor flows”, he added.
Germany’s Aumovio, a major automotive supplier, had already said Friday it had received permission from Chinese authorities to resume the Nexperia chip exports.
The chips are made in Europe but then sent to China for finishing, before being re-exported to clients in Europe and other markets.
Volkswagen, Europe’s biggest carmaker, had warned of production stoppages if the crisis dragged on, while smaller firms were reported to be preparing to cut working hours.
The Netherlands cited national security concerns when it moved to take control of Nexperia, accusing the firm’s CEO of mismanagement.
https://www.channelnewsasia.com/world/eu-says-china-confirms-nexperia-chip-export-resumptions-5455681
