A few days ago we told you about Xiaomi’s exit from the US Black List; now the official confirmation from the company has arrived. Earlier this week, a US court issued the official ruling: Xiaomi was officially removed from the infamous American Black List, revoking the Department of Defense designation of CCMC or a Communist Chinese military company.
Xiaomi won against the USA
In other words, the Chinese tech giant was removed from the government’s commercial blacklist, which had placed restrictions on the purchase or holding of shares by any entity in the United States. The brand also shared that ” the United States District Court for the District of Columbia issued a final order that left the US Department of Defense to designate the company as a CCMC .” This order was placed on Tuesday 25 May 2021.
The official statement of the company is as follows:
Xiaomi (the “Company”) is pleased to announce that on May 25, 2021, at 4:09 pm (Eastern Standard Time), the United States District Court for the District of Columbia issued a definitive order to cancel the designation of the Company from the United States Department of Defense as “Communist Chinese Military Company” (CCMC). By canceling the designation, the court formally lifted all restrictions on the ability of US persons to buy or hold stock in the company.
The Company is grateful for the trust and support of its global users, partners, employees, and shareholders. It reiterates that it is an open, transparent, publicly traded, and independently managed company. The Company will continue to provide reliable consumer electronics products and services to users, and relentlessly build incredible products at fair prices to enable everyone in the world to enjoy a better life through innovative technology.
For the uninitiated, Xiaomi has had to face various pressures from the US government (in part very similar to those received by Huawei); nevertheless, it also faced a trade ban, leading to the disruption of its supply chain.
In particular, the sentence also comes as a reversal of what was carried out at the end of Donald Trump’s mandate, with Beijing going to the side of the Biden administration. The court filing adds that the smartphone maker and the US government will now agree to settle their ongoing dispute by ending this controversial feud between Xiaomi and Washington.
Xiaomi saves, but Huawei …
Unfortunately, however, the bans continue on Ren Zhengfei’s colossus; Huawei’s telephony division seems almost definitively collapsed and there does not seem to be any brightening on the horizon. How will it end?
Source: Xiaomi Twitter