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The Guardian - UK
The Guardian - UK
Business
Lisa O’Carroll

China poised to lift ban on chips exports to European carmakers after US deal

Nexperia China Europe United States Vincent Karremans Wingtech Donald Trump Xi Jinping Netherlands
Nexperia was taken over at the end of September amid US security concerns over its Chinese owner, Wingtech.
Nexperia was taken over at the end of September amid US security concerns over its Chinese owner, Wingtech. Photograph: Algi Febri Sugita/ZUMA Press Wire/Shutterstock

The vital flow of chips from China to the car industry in Europe looks poised to resume as part of the deal struck last week between Donald Trump and his Chinese counterpart, Xi Jinping.

The Netherlands has signalled that its standoff with Beijing is close to a resolution amid signs China’s ban on exports of the key car industry components is easing.

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