EU Proposes Temporary Lift of Chinese Chip Supplier Sanctions to Protect Automakers
worldeuropebusinessautomobilechina 2 posts · 2 accounts
The European Union is set to propose a temporary lifting of sanctions on a Chinese semiconductor supplier, creating an exception for banned chips to protect automakers. The move follows warnings from the industry that leaving the ban in place could trigger supply-chain chaos.
From the sources (2 posts)
@businessThe European Union will propose temporarily lifting sanctions on a Chinese semiconductor supplier after automakers warned of impending supply chain chaos if the ban isn’t removed
@firstsquawkEU WANTS EXCEPTION FOR BANNED CHINESE CHIPS TO PROTECT AUTO INDUSTRY.