US comes after Xiaomi for ties with the Chinese Military, blacklists the Chinese giant
As of yet, no evidence has been provided by the US government on how any of the companies are linked to the Chinese military.
After successfully forcing Huawei to take a chrome-less route for the company’s future, the US has now set its eyes on other Chinese firms. Subsequently, the US blacklisted 9 Chinese companies for having connections with the Chinese military on Thursday.
This includes Xiaomi, which is the world’s third-largest smartphone company. Under this ruling, US investors will be unable to invest in the blacklisted companies. The investors would have to liquidate their current holdings before the 11th of November 2021.
As of yet, no evidence has been provided by the US government on how any of the companies are linked to the Chinese military. At first, the administration expressed the pressing need to blacklist companies from important industries such as telecommunication. Therefore, the blacklisting of Xiaomi which deals with technology and smartphones is rather odd.
It must be noted, though, that Xiaomi along with the other blacklisted companies would be able to import American technology. This is because a blacklist has different terms than a US entity list.
Also, this might change under the Biden administration, who will take office on the 20th of January.
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