Earlier today it became known that Xiaomi, along with eight more companies, was blacklisted by the American authorities for a potential connection with the Chinese military.
Xiaomi representatives were quick to comment on the situation. According to the representative, the company is operating normally. Xiaomi plans to take the necessary measures to protect the company’s investments and shareholders. The implications of the move by the US authorities are now being studied to better understand their impact on Xiaomi.
Recall that the administration of Donald Trump has put Xiaomi on the blacklist. The US Department of Defense has also ranked Xiaomi as a “Communist Chinese military companies”.
Unlike Huawei, Xiaomi has not yet closed off trade opportunities with companies such as Google and Qualcomm. However, American investors were banned from investing in Xiaomi and ordered them to get rid of the company’s shares before November 11, 2021.
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