China to loosen chip export ban to Europe following Netherlands row
EU-China chip disputes alarmed carmakers amid concerns it could halt global car productions
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In September, the Netherlands invoked a Cold War-era law to take control of Nexperia, stating "serious governance shortcomings" which could impact the availability of chips - which are critical for making cars - in an emergency.
China said in response that it would not re-export Nexperia chips completed in its Chinese factories to Europe. Last month, the likes of Volvo Cars and Volkswagen warned it could lead to temporary shutdowns at their plants.
On Saturday, Beijing said it would consider exempting individual firms from the ban.
Around 70% of Nexperia chips made in Europe are sent to China to be completed and re-exported to other countries.
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