Beijing to Pause Probes Into US Chipmakers: White House
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China will halt investigations targeting U.S. companies involved in the semiconductor supply chain and issue licenses to exporters of rare earth and other minerals critical to high-tech industries, according to the White House.
As part of the agreement, the Chinese regime will issue “general licenses” valid for exports of rare earth, gallium, germanium, antimony, and graphite, the fact sheet stated. The licenses are designed for the “benefit of U.S. end users and their suppliers around the world,” effectively lifting the restrictions the regime imposed in October 2022 and April of this year, it said.
Under the deal, China will also take “appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China, allowing production of critical legacy chips to flow to the rest of the world,” the White House said.
Though headquartered in the Netherlands, chipmaker Nexperia is owned by Chinese telecom equipment manufacturer Wingtech Technology.
On Nov. 1, the Chinese commerce ministry issued a statement indicating plans to relax restrictions on goods produced by Nexperia’s Chinese branches.
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