By Rita Liao
Chinese smartphone maker Xiaomi is the latest to be added to the Trump Administration’s military blacklist. On Thursday, the Department of Defense added nine more companies to its list of alleged Chinese military companies, including Xiaomi.
Xiaomi was the world’s third-largest smartphone maker as of Q3 last year, coming ahead of Apple and trailing behind Samsung and Huawei, according to market researcher IDC.
In November, President Donald Trump signed an executive order, which was set to take effect in January, to bar investment in companies designated as supporting efforts of China’s military, intelligence and security apparatuses. Huawei, China’s major chipmaker SMIC, and the country’s three largest telecoms operators are among the targets of the list.
The military blacklist is different from the Commerce Department’s entity list, which famously cuts Huawei, DJI, SenseTime and other Chinese tech firms off their U.S. suppliers over national security concerns.
Xiaomi “confirms that it is not owned, controlled or affiliated with the Chinese military, and is not a ‘Communist Chinese Military Company’ defined under the NDAA [National Defense Authorization Act]. The company will take appropriate course of actions to protect the interests of the company and its shareholders,” a Xiaomi …read more
Source: Tech Crunch