The China Mail - Nexperia chip exports resuming: German auto supplier

USD -
AED 3.673001
AFN 64.999727
ALL 80.742224
AMD 360.119746
ANG 1.789785
AOA 917.999802
ARS 1547.467202
AUD 1.427114
AWG 1.8
AZN 1.697762
BAM 1.737338
BBD 2.013458
BDT 124.459802
BGN 1.747831
BHD 0.37735
BIF 3010
BMD 1
BND 1.277909
BOB 12.120755
BRL 5.4594
BSD 0.999711
BTN 94.558763
BWP 13.724402
BYN 2.982914
BYR 19600
BZD 2.010562
CAD 1.39705
CDF 2315.000336
CHF 0.816865
CLF 0.024535
CLP 965.610039
CNY 6.67355
CNH 6.67471
COP 3228.17
CRC 454.091218
CUC 1
CUP 23.992112
CVE 98.962923
CZK 21.6117
DJF 177.720047
DKK 6.65659
DOP 60.604482
DZD 135.967619
EGP 54.725095
ERN 15
ETB 164.071845
EUR 0.89053
FJD 2.243701
FKP 0.745268
GBP 0.742335
GEL 2.600677
GGP 0.745268
GHS 11.631305
GIP 0.745268
GMD 73.999946
GNF 8855.000212
GTQ 7.639521
GYD 209.448686
HKD 7.84542
HNL 26.868429
HRK 6.76901
HTG 130.971046
HUF 322.759701
IDR 18108.45
ILS 3.153899
IMP 0.745268
INR 94.34425
IQD 1515.529716
IRR 1883408.503011
ISK 121.640354
JEP 0.745268
JMD 158.455068
JOD 0.708969
JPY 158.451027
KES 129.930027
KGS 87.449916
KHR 4064.827605
KMF 440.999765
KPW 899.999961
KRW 1341.150361
KWD 0.31082
KYD 0.833041
KZT 451.807175
LAK 22506.673299
LBP 89519.744527
LKR 332.641939
LRD 169.939285
LSL 16.455617
LTL 2.95274
LVL 0.60489
LYD 6.409977
MAD 9.765444
MDL 17.929301
MGA 4515.192027
MKD 54.818126
MMK 2099.52083
MNT 3598.087189
MOP 8.077598
MRU 40.663904
MUR 47.09022
MVR 15.455024
MWK 1733.399066
MXN 18.59489
MYR 4.063398
MZN 63.910024
NAD 16.455325
NGN 1346.419582
NIO 36.784529
NOK 9.29959
NPR 151.29402
NZD 1.77833
OMR 0.384497
PAB 0.999773
PEN 3.450426
PGK 4.485918
PHP 63.351989
PKR 276.534117
PLN 3.90471
PYG 6061.763543
QAR 3.644609
RON 4.757198
RSD 104.743049
RUB 81.798598
RWF 1471.012787
SAR 3.756339
SBD 8.051718
SCR 13.834008
SDG 601.48613
SEK 9.73676
SGD 1.278965
SHP 0.745545
SLE 22.910084
SLL 20969.504398
SOS 571.349894
SRD 37.563958
STD 20697.981008
STN 21.763752
SVC 8.747096
SYP 13001.999685
SZL 16.44674
THB 33.6235
TJS 9.221818
TMT 3.51
TND 2.979449
TOP 2.40776
TRY 50.017303
TTD 6.776725
TWD 32.860699
TZS 2648.702972
UAH 45.52523
UGX 4104.021853
UYU 40.19489
UZS 11886.139647
VES 890.036597
VND 25704.5
VUV 119.472328
WST 2.779309
XAF 584.149202
XAG 0.01912
XAU 0.000246034236
XCD 2.70255
XCG 1.801579
XDR 0.707052
XOF 584.149202
XPF 105.938734
YER 236.17501
ZAR 16.412701
ZMK 9001.199026
ZMW 20.274394
ZWL 321.999592
SSP 5745.96484
MXV 2.093069
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Nexperia chip exports resuming: German auto supplier
Nexperia chip exports resuming: German auto supplier / Photo: © AFP

Nexperia chip exports resuming: German auto supplier

A leading German auto supplier said Friday it has received permission to export Nexperia chips from China again as Berlin welcomed signs of "de-escalation" in a row that has alarmed carmakers.

Text size:

Dutch officials in September effectively took control of Netherlands-based chipmaker Nexperia, whose Chinese parent company Wingtech is backed by Beijing.

China responded by banning re-exports of the firm's chips, triggering warnings from automakers of production stoppages as the components are critical to cars' onboard electronics.

But Beijing announced at the weekend it will exempt some chips from the export ban, reportedly part of a trade deal agreed by President Xi Jinping and US counterpart Donald Trump.

Aumovio, which supplies components like sensors and displays to top automakers, said it had "received an export license from the Chinese government to export Nexperia chips.

"We received the written confirmation yesterday," a spokeswoman for the group, until recently part of Continental, told AFP.

Speaking earlier in Berlin, an economy ministry spokeswoman said that "the de-escalation and continuation of negotiations between the Netherlands and China are very welcome".

She added: "We very much hope that these short-term individual approvals will quickly reach the industry."

Berlin continues to engage in talks with the Netherlands on the issue, she said, without giving further details.

While relatively simple technology, Nexperia's semiconductors are vital for onboard electronics in modern, technology-packed vehicles.

The chips are made in Europe but then sent to China for finishing, before being re-exported to clients in Europe and other markets.

Volkswagen, Europe's biggest carmaker, had warned of production stoppages if the crisis dragged on while smaller firms were reported to be preparing to cut working hours.

The Netherlands had cited national security concerns when it moved to take control of Nexperia, and accused the firm's CEO of mismanagement.

China had also accused the United States of getting involved in the case -- Washington last year put Wingtech on a list of corporations viewed as acting contrary to US national security.

A.Zhang--ThChM