Feeling the chip shortage pinch? You’re not alone! China is exploring export exemptions for Nexperia’s automotive chips to smooth over a global supply jam in the auto world. 🚗
At a weekend briefing, the Ministry of Commerce of the Chinese mainland slammed the Dutch government for overstepping and meddling in Nexperia’s internal business affairs. According to MOFCOM, this move breaks market rules and could boomerang, hurting the Netherlands’ own business vibe. 💥
Nexperia, the overseas arm of Wingtech from the Chinese mainland, is a key supplier for carmakers worldwide. Companies hit by these twists are invited to reach out to MOFCOM or local commerce offices—help is on the way! 🤝
The ministry said it fully takes into account the safety and stability of both domestic and international supply chains. In plain talk: they’re ready to weigh each case and grant exemptions for eligible chip exports if needed. 🔧💡
For young entrepreneurs and auto buffs, this is one to watch. Will these exemptions rev up production lines and get us back on the road? Stay tuned for the next lap in this high-stakes race! 🏁
Reference(s):
China mulls export exemptions for Nexperia chips amid carmaker turmoil
cgtn.com
