Overview
- China’s Ministry of Commerce said it will grant waivers for Nexperia shipments that meet set criteria and urged affected companies to apply to keep supplies flowing.
- Beijing’s re-export prohibition followed Dutch authorities placing Nexperia under emergency oversight and China accusing the United States of interfering in Dutch legal actions.
- The Wall Street Journal reported that some shipments would resume under a framework discussed by Xi Jinping and President Donald Trump during talks in Busan.
- The ministry said Washington would temporarily halt implementation of its “50% subsidiary” restriction, which extended U.S. export controls to firms majority-owned by blacklisted entities.
- Automakers warned of potential production stoppages because Nexperia supplies a large share of basic components for vehicles, and its Europe-to-China finishing route had been blocked.