Dutch Chipmaker Nexperia Resumes Shipments Amid Trade Tensions

The White House announces the resumption of shipments from Dutch chipmaker Nexperia's China facilities. Previously suspended, this action is crucial for alleviating the chip supply squeeze affecting global auto manufacturers. A forthcoming fact sheet from the White House will provide further details on the Chinese trade agreement.

The White House is poised to announce the resumption of shipments from Nexperia's China facilities, according to sources familiar with the matter. This development is anticipated to significantly benefit auto manufacturers facing supply shortages globally.

Previously, Nexperia had halted wafer supplies to its Chinese assembly plant, intensifying concerns among automakers of a worsening supply issue. The suspension was communicated in a letter to customers, sparking industry worries.

The White House is expected to unveil a fact sheet detailing a new Chinese trade agreement, offering further insights into how this will impact the semiconductor supply chain and related industries.

(With inputs from agencies.)