The Chinese government said on Saturday it is waiting for concrete actions by the Netherlands to resolve a dispute over chipmaker Nexperia that has led to shortages of the company's chips and threatened car production.

The Netherlands is prepared to suspend its powers over Chinese-owned chipmaker Nexperia in a move that would de-escalate a fight with Beijing that threatens to disrupt automotive production around the world.

BRUSSELS: The European Commission said Saturday (Nov 8) that Chinese authorities had confirmed a partial resumption of Nexperia chips, easing a blockage that has alarmed carmakers.The dispute erupted

By Rachel More, Christina Amann and Daniel Leussink BERLIN/TOKYO -Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday, with Germany welcoming signs of de-escalation in a fight for control of the company that has rattled the car industry.

Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production.

Honda Motor cut its annual earnings forecasts after a weak first half, flagging slumping car sales in China and Southeast Asia and a nearly $1 billion drag due to a shortage of chips from Dutch supplier Nexperia.

China will waive licensing requirements ‘provided that it is declared that the goods are intended for civilian use’, EU trade chief says.

China's commerce ministry accused the Netherlands on Tuesday of not working with Beijing to resolve the dispute surrounding the Dutch government's seizure of chipmaker Nexperia and warned of further supply chain disruptions as a result.

China is allowing Dutch chipmaker Nexperia to export again from its operations in the country, setting the stage for the Netherlands to back down and suspend its powers over the Chinese-owned company.