China allows Nexperia to resume chip shipments for European car production

China has exempted certain semiconductor exports, allowing Nexperia to resume civilian chip shipments vital for European car production. This move follows an agreement between the EU and China to restart disrupted semiconductor flows, easing tensions between the Netherlands and China over Nexperia. The exemption aims to address concerns over supply chain continuity and national security, impacting Nexperia's parent company, Wingtech Technology, which saw its shares rise.