EU says 'worst-case scenario avoided' as China moves to restart Nexperia chip exports

The European Commission says a "worst-case scenario" has been averted, after China's commerce ministry engaged with European companies in recent days to restart the flow of semiconductors that had been disrupted by a crisis surrounding the company Nexperia. The saga, which saw the Dutch-headquartered company cut off from its Chinese processing facilities following a dispute between The Hague and Beijing, threatened to throw Europe's automotive industry into disarray. Dutch authorities ousted the Chinese- ...