China to ease chip export ban in new trade deal, White House says

As part of a trade deal struck between the US and China, Beijing will begin easing an export ban on automotive computer chips vital to production of cars across the world, the White House has said. The White House confirmed details of the deal in a new fact sheet, after Xi Jinping and Donald Trump met in South Korea, according to a BBC report. One of the issues addressed in the deal was the export of automotive computer chips. There had been concern that a lack of chips from Nexperia, which has production facilities in China, could create global supply chain issues. Nexperia is a Chinese-owned company, but is based in the Netherlands. About 70 per cent of Nexp­eria chips made in Europe are sent to China to be completed and re-exported to other countries.