The Trump administration is mimicking Xiaomi as a national security threat in the same way that Huawei and ZTE do. However, the “Communist Chinese Military Company” badge has a greater impact on this technology maker than others.
Under the jurisdiction of Section 1237 of the Defense Law, Xiaomi cannot accept goods and services from sellers in the United States ̵1; many Chinese companies are subject to this restriction, which has already been placed on the Commerce Department’s corporate list. One of the consequences that has not been much relevant so far is the requirement for US investors in the company to withdraw their holdings in the company.
While Huawei and ZTE are funded primarily by government funds or domestic merchants, for Xiaomi, which raised billions of dollars from global sources for public listings in 2018, this may not only be the case. But it affects consumer productivity of smart home appliances and accessories that are not Mention smart phone But has a good reputation in international markets including Western Europe.
Investors will be offered until November 11 to clear the stakes, which may have enough time to let the government or patriotic stock buyers alleviate the hassle.
Donald Trump’s White House pushed for a major appointment and a policy announcement before President Joe Biden took office, apparently trying to set a lasting mark on the federal government, Chinese drone maker DJI. It was recently added to the entity list.
Xiaomi’s share price on the stock exchange was down 9 percent in US day trading. Hong Kong listings are expected to follow suit when the ground opens.
If you want to import Mi 11 with the new luxurious Snapdragon 888, you may need to do it now.
We have updated this story with new information provided. In the original version of this article, it was assumed that Xiaomi was listed as an entity at the time. We regret the mistake.