According to informed sources on Friday, the Dutch government is ready to reverse the decision that gives it the authority to block or change major decisions at chipmaker Nexperia, if China allows the resumption of exports of vital chips, Bloomberg reported. 'Dutch authorities are willing to reconsider their decision to ban the export of chip-making equipment to China, if Beijing resumes the supply of chips for medical equipment,' the report stated. Earlier, the Netherlands imposed restrictions on the export of chip-making equipment to China, citing national security. However, according to Bloomberg, the authorities are ready to make concessions if China meets certain conditions. 'The Netherlands could reverse its decision to ban the export of chip-making equipment to China, if Beijing agrees to new restrictions on the export of chips for medical equipment,' the agency reported. According to sources, the Dutch government has already begun negotiations with Chinese authorities on this issue. 'The negotiations are at an early stage, and it is not yet known whether they will lead to an agreement,' the report stated. Chinese authorities have not yet commented on the situation.
