Car Factories on the Brink: Chip War Crisis Forces Eleventh-Hour Trade Truce
The Dutch government seized Nexperia in September over security concerns, prompting China to ban exports from its Chinese plants and halting 70% of Nexperia’s output. Carmakers, including Nissan and Honda, warned of imminent production stoppages. U.S., EU, and Chinese officials negotiated throughout October. A late-October summit produced a deal to resume Nexperia chip shipments and pause new U.S. export rules.
