China said Saturday it will exempt some Nexperia chips from an export ban that has alarmed European businesses, days after trade talks between the leaders of the world’s two largest economies.

Anxiety over chip shortages began when Dutch officials invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is backed by the Chinese government.

China in response banned any re-exports of Nexperia chips to Europe and accused the United States of meddling in Dutch legal procedures to remove Nexperia’s Chinese CEO.

“We will comprehensively consider the actual situation of enterprises and grant exemptions to exports that meet the criteria,” a Chinese commerce ministry spokesperson said in a statement.

The resumption of some Nexperia ship

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