EU forced to exempt banned Chinese chipmaker after auto industry warns of supply crisis — European car factories warn of imminent supply chain collapse
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Verdict: The European Union has temporarily exempted a banned Chinese chipmaker from sanctions to prevent an imminent supply chain collapse for major automakers like Volkswagen.
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⚡ Quick Hits
* The EU granted an emergency exemption to a banned Chinese semiconductor manufacturer.
* European automakers warned of a catastrophic supply chain
