US to announce that Nexperia's Chinese facilities will resume shipments, source says
Reuters
Nov 01
US to announce that Nexperia's Chinese facilities will resume shipments, source says
WASHINGTON, Oct 31 (Reuters) - The White House plans to announce Dutch chipmaker Nexperia’s China facilities will resume shipments, a source familiar with the situation told Reuters, in a key boost for auto manufacturers worldwide.
Reuters reported Friday that Nexperia suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers, which could exacerbate a supply squeeze that is worrying automakers. The White House is expected to release a fact sheet later on Friday offering more details on its Chinese trade agreement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.