The Trump administration
is peeking on famous Chinese smartphone maker, Xiaomi just after Huawei lose
the race.
On Thursday, 9 companies
are added to the blacklist which shockingly also includes the world’s third-largest smartphone maker, Xiaomi by the US administration.
By a report, the
companies that are been blacklisted will not be invested by US investors. The
purchasing shares and securities are been blocked for companies like Xiaomi
who are blacklisted and will deprive the stock which is existing by them by
November 12, 2021.
Sadly, any proof on hoe
Xiaomi or the other 8 companies are tied to the Chinese military has not been given by
the Trump administration. The news of Xiaomi being blacklisted was very
shocking and sudden as this company is the most popular electronic and smartphone company. Ahead of this announcement the administration of Trump had its
eyes on blacklisting the companies like Semiconductor technology (SMIC) and
telecommunications (Huawei). On a scale of 60, the Chinese companies are been
blacklisted in which the world’s largest drone maker DJI and top semiconductor of
China company SMIC comes under.
This point should be noted
here that the blacklist is not similar to that of the US Entity List. Same as
Huawei and DJI, without having a license Xiaomi can import US technology
for some time.
But fingers are been crossed
if the Biden administration overtakes the Trump administration and changes the decision from 20 January.
Till then let’s see how
Xiaomi along with other 8 companies will respond to this immediate blacklisting
situation and handle this.
Follow TECHNICALLUST for
the latest TECHNICALLUST and
REVIEWS also keep up with us on Twitter, Facebook, and Instagram, For
our latest videos.
0 Comments