Overview
- China’s Commerce Ministry said it will grant case-by-case exemptions for eligible Nexperia shipments and invited affected companies to apply.
- EU Trade Commissioner Maros Sefcovic said Beijing confirmed the suspension of its October export controls applies to the EU as technical talks proceed.
- Multiple reports linked the shift to talks between President Donald Trump and President Xi Jinping in Busan, with U.S. steps enabling some exports described as forthcoming.
- Operational obstacles persist, including Dutch emergency oversight of Nexperia, a halt in wafer supplies from the Netherlands to its China plant, and licensing requirements in China.
- Nexperia’s China unit said it has sufficient inventories to cover orders through year-end and is qualifying new wafer sources, while European automakers warn of production risks given the firm’s large share of basic components.