US removes phone maker Xiaomi from ‘black list’

Xiaomi and the US government have agreed to settle a legal dispute, which has been one of the causes of increasing tensions in Sino-US relations that have not been smooth sailing for many years.

Customers choose to buy Xiaomi products. (Photo: THX/VNA) On May 12, the US Department of Defense removed Chinese smartphone maker Xiaomi from a “black list” that Washington had accused of being involved in the military operations . The decision comes after an announcement by a US court on May 12, which said Xiaomi and the US government had agreed to settle a legal dispute, which has been one of the causes of increasing tensions. Sino-US relations have not been smooth sailing for many years. Attorneys for the US government said they would not appeal the ruling. In early January 2021, the last days of his presidency, the administration of former US President Donald Trump listed Xiaomi and eight other Chinese companies on the above list, and asked all US investors to withdraw. capital from these companies before 11/11/2021. Soon after, Xiaomi filed a lawsuit against the US Department of Defense and the US Department of Finance, arguing that this decision was illegal. Along with this case, in March 2021, a federal judge in Washington criticized the inclusion of Xiaomi on the above list, and expressed skepticism about the government’s arguments to protect national security. America. Huawei – Xiaomi’s rival company was also included” black list ” in 2019 and is prohibited from accessing critical US-origin technologies. Professor Doug Fuller, who tracks China’s semiconductor sector at the University of Hong Kong, said the incident Xiaomi being removed from the “black list” by the US could be a factor for President Joe Biden’s administration to adjust its policy towards China, which was seen as tough under the previous administration. Xiaomi was founded in 2010 and specializes in the production of smartphones, tablets and smart products for home use. Shares of Xiaomi rose 11.3% on the US stock market and gained more than 6% on the Hong Kong (China) stock exchange after being removed from the “black list.” The company’s share price has fallen about 20% since January 2021.