US Government Puts Xiaomi Under Investment Ban

Xiaomi, also known every bit Apple of Communist china, has been blacklisted past the Trump administration in the United States. Along with Xiaomi, eight other companies take also been banned.

With Huawei out of united states, the Trump administration has set its eyes on the second-biggest Chinese giant in the USA. Xiaomi, forth with viii other companies, was added to the list of companies having ties with the Chinese military. The states government passed an order back in Nov 2022 that bars American securities and investment companies from investing in companies linked with the Chinese military.

Other firms targeted under the ban include Luokong Technology Corp, Gowin Semiconductor Corp, Global Tone Communication Technology Co., and Avant-garde Micro-Fabrication Equipment Inc. Following the ban, US investors are barred from putting in the capital in the banned companies, and will too take to pull out the existing money from the company.

It's only a week until Joe Biden takes over the White Business firm, and some experts believe the move to be overturned. Xiaomi currently sells simply accessories, including Smart TV stick, air purifiers, and security cameras in the States. The visitor was earlier tipped to enter the smartphone market in the United States mode back in 2022, but we're still wondering if we'll see that 24-hour interval. With the ban in place, it looks like the day is notwithstanding far.

It's not the commencement time the US government putting a ban on Chinese companies. It has, as nosotros all know, put Huawei under a ban for some time, and even DJI was blacklisted a while dorsum. On 31st December 2022, Apple too removed over 85,000 apps and games from the App Store in China. The motility wasn't political, though, it was due to app developers and publishers not complying with the regulations of the Chinese authorities.

We Want to Hear From You lot

What are your thoughts on the Trump assistants blacklisting Xiaomi? Do you lot think the motility is justified? Or do call back there's something else going on behind the scenes? Allow u.s. know your thoughts in the comment section below!