US to Announce Resumption of Chip Shipments from China by Nexperia BV

Following the recent trade agreement between Donald Trump and Xi Jinping, the United States is set to announce the resumption of chip shipments from China by the Dutch semiconductor company Nexperia BV. According to a source, the Trump administration is expected to detail this move in a forthcoming report on the US-China trade agreement. The news, first reported by the Wall Street Journal, is likely to ease concerns over chip output, which had been threatened by the broader trade war between China and the US and its allies, disrupting markets and impacting car production in Europe and other regions. The Chinese government has stated that it welcomes enterprises facing difficulties to contact the Ministry of Commerce or local commerce authorities for assistance, and will consider granting exemptions to exports that meet certain conditions. The Commerce Ministry has also pointed out that the Dutch government's interference in enterprise internal affairs has led to the current global supply chain chaos, and China, as a responsible major country, will take into account both domestic and international supply chain security and stability. #Anse Semiconductor Source: Foreign Exchange Trader