Overview
- Following talks in Seoul, the U.S. announced a 12‑month suspension of the BIS “50% rule,” a measure that would have extended export restrictions from roughly 1,400 to more than 20,000 entities.
- China confirmed its suspension of October rare‑earth export controls applies to the European Union and agreed with Brussels to facilitate licensing and maintain supply‑chain stability.
- Beijing’s commerce ministry said it will evaluate and grant case‑by‑case exemptions for some Nexperia chip shipments, inviting affected firms to seek approvals.
- On October 13 the Netherlands used an emergency law to assume control of Nexperia and remove its Chinese board, after which China blocked re‑exports from Dongguan, straining automaker supplies.
- European carmakers warned of imminent stoppages, and Honda halted production at its Celaya plant due to Nexperia chip shortages, with officials cautioning that the current reprieve is temporary.