China lifts ban on Nexperia chip exports

Core Points - China has lifted export restrictions on Nexperia chips, indicating a potential easing of tensions regarding the Dutch semiconductor firm [1] - Aumovio, an automotive supplier, has received an exemption to resume shipments, alleviating supply chain issues [2] - The Dutch government is reportedly willing to suspend an order that allows it to block or amend key decisions at Nexperia if China resumes chip exports [2] Company Overview - Nexperia, headquartered in the Netherlands and owned by Chinese firm Wingtech, specializes in high-volume semiconductors for vehicles and electronics [4] - Aumovio, which recently separated from Continental AG, supplies automotive components and operates multiple factories in China, serving major car manufacturers [4] - Nexperia chips are routed from China to Hungary before being distributed globally [4] Historical Context - The Netherlands took control of Nexperia in September 2023 due to concerns over potential relocation of production to China, which posed risks to European economic security [3] - China halted overseas shipments of Nexperia's finished chips following the Dutch government's actions [3] - Nexperia was formed in 2017 when NXP sold its Standard Products unit for $2.75 billion, and Wingtech acquired a controlling stake in late 2019 for $3.6 billion [5]