China backs off chip export ban that could have shut down global auto plants
Update: 2025-11-03
Description
China's decision to allow chip exports, following talks between President Trump and President Xi Jinping, has eased global concerns about a potential car production shutdown. The chips, made by Nexperia, are crucial for automakers worldwide and were previously halted due to national security concerns. The exemptions granted by China should keep assembly lines moving and prevent higher car prices, although European industry leaders still have unanswered questions about the exemptions' practicality.
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