Read more about US blacklists Xiaomi: Tech corp refutes Chinese military affiliation claim on Business Standard. After the US blacklisted Xiaomi citing affiliation with the "Communist Chinese military company", the Chinese tech company on Friday said it is reviewing the potential consequences
US blacklists Xiaomi as Communist Chinese military company
By IANS |
Published on
Fri, Jan 15 2021 9:57 IST |
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Xiaomi. (Image Source: IANS). Image Source: IANS
San Francisco, Jan 15 : After Huawei and ZTE, the US government has now taken on the Chinese conglomerate Xiaomi, blacklisting it as a Communist Chinese military company .
In a fresh list, the US Department of Defense has targeted Xiaomi, which means that the company is also vulnerable to the outgoing President Donald Trump s executive order that bans the US firms from investing in such companies.
The move may force US companies and other investors to divest in Xiaomi this year.
US blacklists 9 companies with ties to China military shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
Updated Jan 15, 2021 | 07:46 IST
In November last year Trump had signed an executive order that prohibited Americans from investing in the blacklisted firms. US bans nine Chinese companies | Photo Credit: ANI
Washington DC: The US Department of Defence on Thursday blacklisted nine more Chinese corporations, including phone maker Xiaomi for allegedly being owned or controlled by China s military.
The Department had in June 2020 released to Congress, its initial list of companies that are deemed to have military ties while operating as civilian firms. It added to the list more companies in December 2020. With Thursday s updated list there are now over 40 companies that have been blacklisted.