The Netherlands has suspended its seizure of the Chinese-owned chipmaker at the heart of a six-week dispute between the EU and China that threatened to halt car production at sites around the world.

The Dutch minister of economic affairs, Vincent Karremans, said in a statement on Wednesday that the government would suspend its decision to take supervisory control of Nexperia as a gesture of “goodwill” to Beijing.

“In light of recent developments, I consider it the right moment to take a constructive step by suspending my order under the Goods Availability Act,” he said. ‘I’d do it all again,’ says Dutch minister at heart of car chip standoff with China Read more

The seizure on 30 September had prompted a furious response from China, which in early October banned exports of Nexpe

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