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Monday, October 25, 2021

Big news for this Chinese company that explodes in India, America removed from blacklist

Xiaomi was added to the US military list of alleged Chinese military companies in January this year. At the same time, a lawsuit was filed by the Chinese side against the ban.

xiaomi sales

The Biden administration has agreed to remove smartphone maker Chinese company Xiaomi from the blacklist. Earlier, Donald Trump administration blacklisted the company. The Trump administration called it a Communist Chinese military company and barred it from doing business with American companies.

Xiaomi was added to the US military list of alleged Chinese military companies in January this year. At the same time, a lawsuit was filed by the Chinese side against the ban. Now the US Department of Defense has agreed to remove Xiaomi from the blacklist on Tuesday. Due to this news, shares of Xiaomi have risen by more than 6.5 percent.

The court filing states that the parties have agreed on a way that will resolve the case without the need for a disputed briefing. Earlier in March, a US court temporarily halted the ban on Xiaomi.

Xiaomi and the US Department of Defense will now work on a joint proposed order on or before May 20 to appear in court. The company spokesperson said in a statement, “We are committed to working with our global partners so that everyone in the world can enjoy a better life through new technology.”

The company says that it does not have a relationship with the Chinese military. Explain that Xiaomi was blacklisted citing alleged links with the Chinese military.

Let us know that Xiaomi’s local smartphone competitor company Huawei Technology Limited was also kept export black in the year 2019. That is, the company did not have the right to use any of the US technology. In such a situation, there was pressure on the company to make its own chip and other components. The company suffered a lot due to this ban. Even after this, the US also banned China’s Semiconductor Manufacturing International Corporation.

(IANS)

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Damini Sharma
Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.
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