Volkswagen says Nexperia chip supply has resumed

Volkswagen's China chief announced that carmakers have resumed receiving chip supplies from Nexperia after a previous shortage caused by geopolitical tensions. The Dutch government had taken control of Nexperia, leading to export restrictions from China. However, a recent U.S.-China agreement allows Nexperia to export chips without U.S. restrictions for a year, with China permitting exports on a case-by-case basis. The sustainability of this supply chain remains uncertain, depending on U.S.-China relations.