EU says ‘worst-case scenario avoided’ as China moves to restart Nexperia chip exports

EU says ‘worst-case scenario avoided’ as China moves to restart Nexperia chip exports

The European Commission says a “worst case scenario” has been averted, after China’s commerce ministry engaged with European companies in recent days to restart the flow of semiconductors that had been disrupted by a crisis surrounding the company Nexperia. The saga, which saw the Dutch-headquartered company cut off from its Chinese processing facilities following a…

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China’s US envoy calls for action after Xi-Trump summit, warns against ‘new disruptions’

China’s US envoy calls for action after Xi-Trump summit, warns against ‘new disruptions’

China’s top envoy to the US said the top priority for both countries is to translate recent outcomes from meetings in Busan and Kuala Lumpur into concrete actions without “causing new disruptions”. Speaking via video link to the US-China Business Council’s annual conference in Shanghai, Xie Feng also reiterated Beijing’s four red lines, including the…

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