- Tram Ho
The US has officially removed Xiaomi from its black list. Yesterday, the US District Court for the District of Columbia issued a final ruling, rejecting the designation of Xiaomi by the Department of Defense as a “Communist Chinese Military Company”, rejecting the ban on US companies’ investment. and hold shares of Xiaomi.
A Xiaomi spokesperson said: “The company is grateful for the trust and support of its global users, partners, employees and shareholders. We would like to reiterate that Xiaomi is a public, transparent, publicly traded, independently operated and managed company. We will continue to provide reliable products and services to our users, so that people around the world can enjoy a better life through innovative technologies.”
The US issued the CCMC designation on January 14, during the last week of President Donald Trump’s Administration. Xiaomi sued the US Government in February, and by March had reached a preliminary ruling blocking the designation. The judge called Xiaomi’s blacklisting “arbitrary”.
While Xiaomi has escaped the threat and blocking from the US Government, the Biden administration has not made any move to remove the sanctions on Huawei. The Chinese giant is still completely paralyzed, not allowed to cooperate with US technology companies, nor to use any US-origin technology. To the extent that Huawei’s CEO has vowed to shift focus to software development, in order to avoid sanctions from the US.
Source : Genk