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Investing.com -- Germany has welcomed the deescalation in a dispute between the Netherlands and China over chips manufactured by Nexperia, according to a statement from a German economy ministry spokesperson on Friday.
"We now very much hope that short-term individual permits will quickly reach industry," the spokesperson said during a regular government press conference.
The comments follow an announcement by Dutch Economy Minister Vincent Karremans on Thursday, who expressed confidence that Nexperia chips would reach customers in Europe and worldwide "in the coming days."
The shortage of Nexperia chips, which emerged from a conflict with China regarding ownership and control of the Dutch company, has caused significant disruptions in automotive supply chains. The situation has impacted production and forced some buyers to place staff on furlough.
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