Overview
- China’s commerce ministry said it will grant case-by-case exemptions for some Nexperia chip exports and invited affected firms to submit requests.
- The announcement followed Xi Jinping’s meeting with President Donald Trump in Busan, with the Wall Street Journal reporting a framework for limited shipments to restart.
- Following those talks, the ministry said Washington would temporarily halt implementation of its “50% subsidiary” export rule, according to South China Morning Post.
- Beijing had earlier blocked re-exports of Nexperia products to Europe after the Netherlands seized control of the Chinese-owned Dutch chipmaker and tensions escalated over its governance.
- European carmakers and suppliers warned of potential factory stoppages given Nexperia’s large share of basic auto chips, even though alternatives exist and require time for approval.