Reported about 8 hours ago
China has reversed its recent export ban on critical automotive chips from Nexperia, a Dutch chipmaker with Chinese ownership, thus avoiding potential widespread shutdowns in the global auto industry. This decision comes after U.S. and Chinese leaders' discussions, allowing customers to apply for exemptions to obtain essential chips. While the move is seen positively by many in the auto sector, concerns remain regarding the stability of the supply chain and the process for granting these exemptions.
Source: YAHOO