Beijing to Pause Probes Into US Chipmakers: White House

As part of the trade deal, Washington says Beijing will also take ‘appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China.’

Semiconductor chips on a circuit board of a computer on Feb. 25, 2022. Florence Lo/Illustration/Reuters

China will halt investigations targeting U.S. companies involved in the semiconductor supply chain and issue licenses to exporters of rare earth and other minerals critical to high-tech industries, according to the White House.

Following months of trade tensions, U.S. President Donald Trump and Chinese Communist Party leader Xi Jinping on Oct. 30 sat down together in South Korea, to make a deal on a range of issues that have strained ties between the world’s two largest economies.