After Huawei, the Trump administration has turned its attention to Xiaomi, another top Chinese smartphone maker. On Thursday, the Trump administration blacklisted nine companies, including Xiaomi, for consideration related to China's military.
Xiaomi is currently the third-largest smartphone maker in the world. As a result of the special blacklisting in the United States, no investor in the country will be able to invest in the Chinese company. Even if one has an investment in the nine listed companies, it has to be withdrawn by November 11 this year.
Surprisingly, so far the Trump administration has not presented any evidence that Xiaomi or any other company is involved with the Chinese military. This new list has been published secretly all of a sudden.
Earlier, the administration blacklisted more than 60 companies in the telecommunications and semiconductor sectors, including Huawei and SMIC. That list includes DJI, the world's largest drone manufacturer.
However, companies can import technology from the United States without a license. However, many are hoping that the Biden administration's orders will be revoked on January 20. Still just looking at what is in the foreheads of companies!
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