Xiaomi Blacklisted by the US Government
Recently, the US government announced that it has blacklisted Chinese electronics company Xiaomi. Why has the US government taken this action, what does this mean for Xiaomi, and how will it affect the electronics world?
US Government Blacklists Xiaomi
Recently, the US government under President Donald Trump announced that it has blacklisted the consumer electronics company Xiaomi. Like Huawei, Xiaomi will no longer be allowed access to US technologies, or the stock market, and all those who have stocks, shares, and securities in Xiaomi will need to divest these investments by November 2021.
Xiaomi is not the only company to have been blacklisted by the US government. Huawei has been blacklisted due to its potential ties with the military as well as China’s third-largest oil company and the state-owned Commercial Aircraft Corporation of China.