The EU said Wednesday it is seeking a swift resolution to a Chinese curb on chip exports linked to a row with the Netherlands over chipmaker Nexperia that has alarmed European businesses.
The crisis began when Dutch officials invoked a Cold War-era law in late September to effectively take control of Nexperia, a Chinese-owned firm whose factories are in Europe.
In response, China banned any re-exports of Nexperia chips to Europe, igniting fresh geopolitical tensions.
European carmakers and parts suppliers have warned of shortages of key chips supplied by Nexperia that would force stoppages at production lines in Europe.
EU spokesman Olof Gill said trade commissioner Maros Sefcovic had been in contact this week with Chinese and Dutch officials.
"The aim is to find a swift resolution to

WFVX WVII News

FOX 28
Raw Story
Reuters US Top
Reuters US Domestic
CNN
Edmonton Sun World