On November 7 (local time), Dutch Prime Minister Dick Schoof, while participating in a climate summit in Brazil, disclosed that China has given its consent for the resumption of crucial chip exports from Nexperia's Chinese manufacturing facility to the European automotive sector. This development is anticipated to substantially alleviate the challenges faced by the European automotive industry and is also poised to have a beneficial effect on the German automotive sector.

Earlier, the Dutch government, expressing concerns about the potential loss of vital European technologies, implemented interventionist measures against Nexperia. These measures included the suspension of Chinese CEO Zhang Xuezheng and the enforcement of a compulsory acquisition, which subsequently resulted in a disruption of the global supply chain for automotive-grade chips.

China's decision to allow the resumption of chip supplies is not without conditions. Chinese enterprises have insisted on the reinstatement of the Chinese CEO to his former position, the dismissal of unfounded allegations, and the complete restoration of managerial control.