By bizn_fun 
In a statement on Saturday, China said that it would “comprehensively consider the actual situation of enterprises and grant exemptions to exports that meet the criteria”. However, it has not specified what that could entail.
It also went on to criticise the Hague for what it called “improper interference in the internal affairs of enterprises” and blamed it for “the current disruption of global production and supply chains”.
The Dutch-controlled firm told customers it would stop sending chips back to China to be processed, according to a letter this week seen by the Reuters news agency.
Last month, the European Automobile Manufacturers’ Association (ACEA) had warned Nexperia chip supplies would only last a few weeks unless the Chinese ban was lifted.
“Without these chips, European automotive suppliers cannot build the parts and components needed to supply vehicle manufacturers and this therefore threatens production stoppages,” the group said.
The latest plans by Beijing to relax its export controls have emerged after Donald Trump and Xi Jinping met in South Korea earlier this week.
Trump later said the leaders discussed chips, while Beijing’s post-meeting readout did not explicitly mention any area of trade.
The White House is expected to release a fact sheet later today detailing its new trade agreement with China. Reuters reports that it will also announce the resumption of Nexperia exports.
In December 2024, the US government placed Wingtech on its so-called “entity list”, identifying the company as a national security concern.
In the UK, Nexperia was forced to sell its silicon chip plant in Newport, after MPs and ministers expressed national security concerns. It currently owns a UK facility in Stockport.