China to Resume Nexperia Chip Exports, Dutch PM Schoof Says (3)

Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production.

“We were informed by China that they will enable the resumption of supplies from Chinese factories from Nexperia,” Schoof said in an interview Friday on the sidelines of a climate summit in Belem, Brazil.

A resumption could set the stage for the Netherlands to relinquish government control it imposed over Dutch-based Nexperia, which is owned by Wingtech Technology Co. China retaliated by imposing export restrictions over components ...