By David Shepardson
WASHINGTON (Reuters) -The White House plans to announce Dutch chipmaker Nexperia’s China facilities will resume shipments, a source familiar with the situation told Reuters, in a key boost for auto manufacturers worldwide.
Reuters reported Friday that Nexperia suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers, which could exacerbate a supply squeeze that is worrying automakers.
The White House is expected to release a fact sheet later on Friday offering more details on its Chinese trade agreement.
The company produces large volumes of chips in the Netherlands that are widely used in autos and consumer electronics. Some 70% of the Netherlands-produced chips are packaged in China and sold mostly to distributors.
Since earlier this month, Nexperia has been locked in a dispute with its Chinese unit after the Dutch government took control of Nexperia from its Chinese owner Wingtech Technology on September 30. It also removed its Chinese CEO, citing concerns its technology could be appropriated by Wingtech.
(Reporting by David Shepardson; editing by Chris Sanders and Scott Malone)
