The Donald Trump administration in the United States has blacklisted ten Chinese companies. Presumably, these companies are associated with the PRC military. Among them was the popular smartphone manufacturer Xiaomi.
These companies have also been designated by the US Department of Defense as “Communist Chinese military companies”.
Xiaomi’s situation so far differs for the better from the situation that Huawei got into in 2019. In fact, Huawei and Xiaomi were on different lists with varying degrees of sanction severity.
Companies such as Google and Qualcomm are not prohibited from trading and cooperating with Xiaomi, so you don’t have to worry about Android and Snapdragon SoCs in Xiaomi and Redmi smartphones. At least for now.
However, American investors were barred from investing in Xiaomi. In addition, US investors must dispose of their Xiaomi shares before November 11, 2021. All this will cause capital outflow and a drop in the value of the company’s shares.
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