The important flow of chips from China to the European Car Industry looks set to continue as part of the agreement between Trump and his Chinese counterpart, Xi Jinping.
The Netherlands has signed that its standings with Beijing are close to a resolution amid China’s signs of exports of KURS ALFICTIONS exporters.
The dispute began when the Dutch government took control of chipmaker Nexperia at the end of September after the US raised Chinese concerns about its Chinese owner, Wittech. Beijing retaliated by halting all exports from Nexperia factories in the country, threatening to disrupt car manufacturing in Europe and Japan.
The White House has put wiltch on a list of companies that will have their exports to the US controlled under the “eligibility rule”. However, as part of the agreement between Trump and XI of South Korea, the US authorities will now delay the implementation of this rule on exports of chips and important minerals.
The Minister of the Dutch Economy, Vincent Karremans, said on Thursday that he is confident that the Chiperia NEXPERIA will reach customers in Europe and the rest of the world in the coming days.
Meanwhile, one of the main suppliers of the German car industry, Aumovio, confirmed on Friday that it has received notice from China that the supply of Chips will continue its operations.
“We applied and received an exemption from export restrictions. We received it the other day, yesterday in the company’s results.
At the heart of the dispute is the control of NEXPERIA’s operations in Nijmegen, the Netherlands, after the company acquired by Pipormer owned operations and intellectual property will be transferred to China.
NEXPERIA of the Netherlands said it was pleased with the one-year suspension of the US Affiliate Rule and also welcomed China’s commitment to “facilitate the resumption of exports.
But it added that some concerns persist and it does not know “if or when” products from its Chinese facility will be released.
The row that threatens to stop European car assembly lines underlines the global nature of the supply industry and European companies that rely on China for China.
US authorities also raised security concerns about Chinech and Nexperia’s chief executive, Zhang Xuezheng, in June, court documents show.
Four days after the seizure, China banned exports from Nexperia factories in the country, where about 70% of the chips are packaged before distribution. At the end of last month, NEXPERIA retaliated by halting chip supply to a Chinese plant.
Bloomberg reports on Friday quoted sources as saying that the Dutch government is ready to shut down NEXPERIA’s corporate decisions in the context of China’s hold on critical chips.
Karremans said the Netherlands had been informed by Beijing and Washington that the deal struck by Trump and XI last month would enable the continuation of Chinese equipment.
“This is also consistent with the information provided by the European Commission to the Chinese Ministry of Commerce,” he said.