Vincent Karremans, the Netherlands' economy minister, expressed confidence that Dutch chipmaker Nexperia will soon fulfill orders across Europe and beyond. The supply of these essential components has been hampered by an ownership disagreement with China.

The shortage has significantly affected the automotive industry, causing manufacturers to cut back production and furlough workers. Nexperia chips are crucial in a wide array of products, from industrial machines to consumer electronics. The recent trade agreement, reported by Karremans, promises to alleviate these disruptions, allowing Nexperia's manufacturing sites in China to resume exports.

China had halted shipments following Karremans' intervention to prevent the relocation of Nexperia's operations to China, where its parent compa

See Full Page