The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will" towards Beijing, Dutch Economy Minister Vincent Karremans said Wednesday.

The dispute erupted in September when the Dutch government effectively took control of Nexperia, which is based in the Netherlands but whose parent company is China's Wingtech.

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

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

On Wednesday, Karremans said that "in light of recent developments, I c

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