The production line of semiconductor company Nexperia, in Hamburg, Germany, in 2024. The Dutch government took control of Nexperia recently, citing national security concerns. Fabian Bimmer/Reuters

China has agreed to allow the export of chips critical to auto production, averting widespread shutdowns that had been predicted by the industry.

The chips are provided by Nexperia, a Chinese-owned chipmaker based in the Netherlands. It’s a critical supplier for the global auto industry, providing 40% of the automotive chips in the market segment that includes transistors and diodes, according to research firm TechInsights.

After the Dutch government took control of Nexperia several weeks ago and removed its Chinese CEO, citing national security concerns, Beijing suspended shipments fro

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