Overview
- China's commerce ministry said certain civilian Nexperia products can qualify for export exemptions under licensing rules.
- Dutch economy minister Vincent Karremans announced a high-level mission to Beijing next week to seek a mutually acceptable path to restart chip flows.
- Industry executives, cited by the Financial Times, warn European automakers face an acute chip shortfall that could idle production lines within weeks.
- The squeeze stems from Dutch emergency measures and court actions that removed Nexperia's CEO and put most shares under an independent manager.
- China previously tightened controls on Nexperia's China unit as operational rifts deepened, with reports of halted wafer shipments over payment terms and internal directives weakening coordination.