German auto giant Volkswagen
on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia.
A spokesperson for Volkswagen told CNBC by email that while Nexperia is not a direct supplier of the company, some Nexperia parts are used in its vehicle components, which are supplied by Volkswagen’s direct suppliers.
“We are in close contact with all relevant stakeholders in light of the current situation to identify potential risks at an early stage and to be able to make decisions regarding any necessary measures,” a Volkswagen spokesperson said, noting that the firm’s production is currently unaffected.
“However, given the evolving circumstances, short-term effects on production cannot be ruled out,” they added.
