The Chinese Communist Party granted exemptions to export controls on chips manufactured by Nexperia for civilian applications, a spokesperson for China’s Ministry of Commerce said on Nov. 9.
The export restrictions had caused concern in the motor industry worldwide that there would be a shortage of chips. China imposed the restrictions after the Dutch government took control of Nexperia, a large manufacturer of basic chips used in automotive electrical systems, in September, citing national security concerns. Nexperia is based in the Netherlands but owned by Chinese company Wingtech Technology.
