Xiaomi has been blacklisted in the United States

Xiaomi has also been blacklisted by the United States, even as one of the last steps of the Trump government. In the news, the company’s stock price fell more than 10 percent in trading this morning on the Hong Kong Stock Exchange.


After the chip maker Huawei and SMIC, the world’s third-largest mobile maker, Xiaomi, also from China, has also been blacklisted in the United States. This means that the company is already affected by the November presidential decree that restricts U.S. investors from buying shares in companies that are declared "Chinese military companies". (Moreover, in November, when the ordinance came into force, the U.S. investor even had to divest shares of listed Chinese companies.)
 
That doesn't mean Xiaomi has been blacklisted in the trade, it's not yet clear how the company's purchases from U.S. suppliers will be affected (Huawei has also been cut off from them), CNBC writes. Xiaomi uses products from Qualcomm, one of the major US chip manufacturers, in its smartphones, so such a move would have a particularly negative impact on the company.

According to an analyst at the Center for Innovating the Future, the inclusion of Xiaomi on the list also means that the U.S. sees a national security risk in it. This, in turn, could impact the company’s global strategy, which is focused on expansion outside China.

Xiaomi responded by being blacklisted. In short, the essence of the communication is that they are operating in a completely regular manner and have no relationship with the Chinese army. So they deny the allegations and do everything they can to protect the interests of their shareholders. Here is the full reaction:

The company has been in compliance with law and operating in compliance with the relevant laws and regulations of jurisdictions where it conducts its businesses. The company reiterates that it provides products and services for civilian and commercial use. The company confirms that it is not owned, controlled, or affiliated with the Chinese military, and is not a “Communist Chinese Military Company” defined under the NDAA. The company will take appropriate course of actions to protect the interests of the company and its shareholders.
 
The company is reviewing the potential consequences of this to develop a fuller understanding of its impact on the Group. The company will make further announcements as and when appropriate.
More news

Get UNI-T popular thermal imaging cameras at a promotional price at Banggood

Get the various UNI-T infrared thermal imaging cameras at discount prices from Banggood. With the help of thermal imaging cameras, you can easily detect possible insulation problems in your house or apartment, which can be corrected to significantly reduce your heating costs.

The Trigkey Speed S mini desktop computer is available from stock in the EU at a great price

Now is the time to grab the Trigkey, an Intel i5-powered mini PC that you can order from EU stock. The Trigkey Speed S is the manufacturer's mid-range mini PC that's not only energy efficient, but also delivers excellent performance.

The UMIDIGI Bison Pro rugged phone arrives - Helio G80, 48MP camera, Infrared Thermometer Sensor

The latest UMIDIGI rugged mobile, the Bison Pro, will be launched soon. Features include Helio G80, 48MP camera, Infrared Thermometer Sensor and IP68 / IP69K protection, with release expected by mid-July 2021.

POCO M3 Pro 5G Mobile Phone Now Available - Get it Now

The POCO M3 Pro 5G, available earlier this week, is now available from several stores. You can order the POCO mobile phone with excellent features for as little as $ 159, and it is also available from EU stock.
Latest Smartphones