Wait, so based on this report alone, China appears to have chickened out? Or are waiting for additional information?
Depends on what's actually happening, which is not clear at the moment. China is the only one that has made a statement so far. It looks like Western media wanted to frame it as a US decision, so when China made this statement, they publish "US will announce" according to "people familiar with the matter" without making it look like the statement actually came from China, not the US.
Here's headline from SCMP. It's not a blanket lifting of ban, but giving export licenses on a case by case basis. China's statement also asks the effected companies seeking relief to contact Chinese authorities for licenses. This highly suggests an arrangement where they bypass Netherlands completely and source all wafers from China. If that is the case then I would say it's a win for China rather than chickening out. If WingTech can move the entire production to China and at the same time keep all customers then it is a win.
China eyes export ban exemption for some Nexperia orders amid chip supply chain turmoil
“We will comprehensively consider the actual situation of enterprises and grant exemptions to exports that meet the criteria,” a ministry representative said in a statement.
According to the ministry, exemptions were being considered to stabilise the supply of Nexperia chips in global supply chains. It encouraged affected companies to reach out and request such an exemption.
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