Trump administration blacklists Xiaomi as a ‘Communist Chinese military company’
Image: Xiaomi With six days left in office, the Trump administration has decided to put one more Chinese electronics giant in its sights: Xiaomi, the world's number three phone manufacturer. The US Department of Defense is now designating Xiaomi as a Chinese Communist military company," meaning it's now vulnerable to Trump's executive order that bans the US from investing in such companies - and might force US companies and other US investors to divest in Xiaomi on November 11th, 2021, as reported by Reuters.
In a statement sent to The Verge, Xiaomi maintains that it's operating in compliance with the relevant laws and regulations of jurisdictions where it conducts its businesses." The spokesperson contends that Xiaomi is not owned, controlled or...