Xiaomi has denied any links to the Chinese military in response to being blacklisted by the United States
Yesterday, the US government declared Xiaomi a "Chinese Communist military company" and blacklisted it; This means that American companies and investors will be barred from investing in Xiaomi (and those who have already done so must complete it by November this year).
Note that this is not the same blacklist that wiped out Huawei smartphone market shares around the world, as it was a very complex ban for any US company or even companies that used US technology and traded with Huawei.
Xiaomi issued the following statement today:
The company follows the rules and acts in accordance with the laws and regulations of the relevant jurisdictions where it conducts its business. The company reiterates that it offers products and services for civilian and commercial use. The company acknowledges that it is not owned, controlled or affiliated with the Chinese military, and is not a "Chinese Communist military company" as defined under the NDAA. The company will take appropriate measures to protect the interests of the company and its shareholders.
The company is examining the possible consequences of this issue in order to have a full understanding of its impact on the group and will issue more announcements if necessary.
Of course, we did not expect anything else, and it remains to be seen what the new Biden administration will do about the Trump administration's various bans on Chinese companies. To compete in the smartphone space around the world, we hope this changes. However, no announcement has been made so far.
In response to being blacklisted by the United States, Xiaomi denied any connection to the Chinese military for the first time at the Xiaomist.Com . appeared.
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