The logo of Nexperia in Hamburg, Germany, on June 27, 2024. Fabian Bimmer/Reuters
The Chinese Communist Party has 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.
