Shipments of Nexperia chips from China have resumed, according to German car parts supplier Aumovio, after Beijing eased an export ban that had threatened car production across the world, reports the Financial Times. “We are exporting [chips] already out of China again,” Philipp von Hirschheydt, chief executive of Aumovio, said on Friday at the company’s third-quarter results. The company had received an exemption from export controls, he added.
Beijing last month blocked exports of finished Nexperia chips, 80% of which are processed in China. It was retaliating after the Dutch government took control of the Netherlands-based group, citing governance concerns over its Chinese owner. Nexperia chips are widely used in carmaking.
But after US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a one-year truce in their trade war, the Chinese government signalled over the weekend that it would open discussions with affected companies.