FRANKFURT (Reuters) -Volkswagen Group , which owns Audi and Porsche, has secured a sufficient supply of chips for now, its CEO told a German weekly, as a Chinese export ban on finished products by semiconductor maker Nexperia has European carmakers scrambling for supplies.

“The current chip crisis shows how fragile our world is. Unlike the last semiconductor crisis, this one involves very simple chips that are used across industries and especially in cars,” Oliver Blume told Bild am Sonntag.

“In the short-term, we are provided for in the Volkswagen Group. We need a swift political solution.”

China has banned exports of Nexperia’s finished products in response to the Netherlands seizing control of the company, whose Chinese owner Wingtech has been flagged by the U.S. as a possible nation

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