China is allowing Nexperia to export chips again, according to officials from several auto companies; shares in Wingtech, Nexperia's Chinese parent, surged 10%+ (Bloomberg)
PositiveArtificial Intelligence

China is allowing Nexperia to export chips again, according to officials from several auto companies; shares in Wingtech, Nexperia's Chinese parent, surged 10%+ (Bloomberg)
China's decision to allow Nexperia to export chips again is a significant development for the semiconductor industry, especially for auto companies that have been facing supply chain challenges. This move has led to a surge in shares of Wingtech, Nexperia's parent company, by over 10%. It highlights a potential easing of tensions in the chip market and could pave the way for more stable supply chains, which is crucial for the automotive sector's recovery and growth.
— via World Pulse Now AI Editorial System





