With six days left in office, the Trump administering has decided to put one increasingly Chinese electronics giant in its sights: Xiaomi, the world's number three roast manufacturer. The US Directorship of Safeguard is now identifying Xiaomi as a "Chinese Communist military company," meaning it's now accessible to Trump's executive order that bans the US from investing in such companies -- and nimbleness gravity US companies and over-and-above US investors to divest in Xiaomi on November 11th, 2021, as revealed by Reuters.
In a take-in sent to The Verge, Xiaomi maintains that it's "operating in conventionality with the songful laws and regulations of jurisdictions where it conducts its businesses." The. spokesperson contends that Xiaomi "is not owned, controlled or associative with the Chinese military, and is not a 'Communist Chinese Military Company' pure under the NDAA [National Safeguard Fiat Act]." Xiaomi says it's now reviewing the potential residuum of the DoD sobriquet afore taking action.
While a Biden administering nimbleness annul the order afore then, it's seducing to see an electronics congregation like Xiaomi on the list at all. Most of the over-and-above companies on the list are increasingly industrially oriented, specializing in aviation, aerospace, shipbuilding, chemicals, telecommunications, construction, and over-and-above forms of infrastructure. Huawei, the world's number two phonemaker, is conjointly on the list, but Huawei builds long-range telecommunications facilities too; US lawmakers have been specifically afraid about Huawei here partition of the nation's cellular underpinning (also see: ZTE).
This list isn't the aforementioned as the US Commerce Department's "entity list," by the way, which well-nigh keeps US companies from exporting technology to companies that have been blacklisted, like dronemaker DJI. But some Chinese companies like Huawei (and Chinese chipmaker SMIC) are on both lists now.
Speaking of the Commerce Department, it's propelling ahead to try to cake six entire countries, now designated as "foreign adversaries," from providing communications facilities to the Affiliated States at all, including China, Russia, Iran, North Korea, Cuba, and the government of Venezuela's Nicolas Maduro.
Update January 15th, 2:40AM ET: Added statements from Xiaomi.
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