Tensions between China and the Netherlands over the state of chipmaker Nexperia have begun to ease, but the battle for company control doesn't appear to be entirely resolved yet.

The Chinese Ministry of Commerce on Thursday announced that it had approved export licenses and exemptions to facilitate the resumption of chip exports from Nexperia's China operations. While the Dutch-headquartered, Chinese-owned company runs front-end manufacturing in Germany and the UK, a significant share of its chip packaging and distribution takes place in China. The move should ease the concerns that Europe's automotive industry, which relies heavily on Nexperia-manufactured chips, could face shortages .

The Chinese Ministry of Commerce doesn't appear to be done wagging its finger at its Dutch counterpart

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