The U.S. government blacklists Xiaomi, the world's third-largest smartphone share, as a 'Chinese military company'
The US Department of Defense has published a blacklist under Section 1237 of the National Defense Authorization Act (NDAA) that lists the names of 'Chinese communist military companies' that operate directly or indirectly in the United States. The Pentagon has updated this list with nine companies, including smartphone maker Xiaomi , which recorded the third highest sales in the world .
DOD Releases List of Additional Companies, In Accordance with Section 1237 of FY99 NDAA> US DEPARTMENT OF DEFENSE> Release
EXCLUSIVE-Trump administration adds China's Comac, Xiaomi to Chinese military blacklist | Reuters
US bans Americans from investing in Xiaomi, citing ties to Chinese military
Trump administration blacklists Xiaomi as a'Communist Chinese military company' --The Verge
The U.S. Department of Defense has Chinese companies, universities, and research programs operating in the United States that appear to be private organizations to counter the military-civilian fusion development strategy that supports the PLA 's modernization goals. We have created a list of 'Chinese Communist Military Enterprises' to limit this.
Newly it became the be added to the list this time, smart phone manufacturers of Xiaomi and airplane manufacturers of China Commercial Aircraft is nine Chinese companies, including (Comac). American companies and investors are required to sell their shares in Xiaomi by November 11, 2021 as investment in companies added to the list is prohibited.
As a result, semiconductor giant Qualcomm, which is investing in Xiaomi, may need to sell its stake. This could affect Xiaomi's stock price, but fortunately it doesn't affect Qualcomm's supply chain.
Foreign media The Verge said, 'This blacklist could be destroyed after Joe Biden became president of the United States on January 20, 2021, but companies like Xiaomi are on the list. It's very interesting to see that. ' The reason is that most of the companies on the list are those involved in infrastructure such as aerospace, shipbuilding, chemistry, telecommunications and architecture. Huawei, the world's second-largest smartphone maker, is also on the list, but it differs significantly from Xiaomi in that it manufactures not only consumer products such as smartphones, but also communication infrastructure. ..
The blacklist updated by the US Department of Defense is just a list of companies that the government has identified as 'Chinese communist military companies' and is only a list of investment bans. Therefore, it is different from the list of restricted entities for commercial transactions specified by the United States Department of Commerce.
US export control to Huawei and related companies has been further strengthened, 38 new related companies have been added to the list --GIGAZINE
in Mobile, Posted by logu_ii