Notebookcheck
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Xiaomi goes to Washington over its US Administration blacklisting

Xiaomi claims the US government has damaged its business. (Source: Xiaomi)
Xiaomi claims the US government has damaged its business. (Source: Xiaomi)
Xiaomi has lodged a complaint with a US court against the same country's government for placing it on an investment blacklist earlier in 2021. The company asserts that the action against it is unwarranted, as it is based on an association with the Chinese military which (according to Xiaomi) does not in fact exist. This, in turn, has apparently affected its ability to do business in the electronics market as usual.

Working For Notebookcheck

Are you a techie who knows how to write? Then join our Team! English native speakers welcome!

News Writer - Details here

The increasingly major tech company Xiaomi has filed a complaint with a Washington, DC district court against the US Defense and Treasury Departments. This new action is a response to sanctions imposed by these arms of the American government.

They are not exact analogues of those taken against another Chinese electronics giant, Huawei: Xiaomi can still work with US-based suppliers, and is thus still able to buy important components such as the Snapdragon 888 processor for its latest flagship smartphone, the Mi 11. However, it does mean that US investors are no longer allowed to buy the company's shares, and must now divest themselves of any existing holdings with the company.

In its new legal missive, Xiaomi asserts that this is “unlawful and unconstitutional”, as its blacklisting is based on the fallacious notion that the company is controlled by China's national army. The company claims that it is in fact 75% owned by co-founders Lin Bin and Lei Jun (who is also the OEM's current CEO), and 0% owned by any individual or group with military links.

Xiaomi also now believes that its effective tarring with this brush will do "irreparable" damage to its public image and reputation, thus making it more difficult to access the capital it needs to remain competitive in its various markets. The Treasury and Defense Departments, led by Janet Yellen and Lloyd Austin respectively, have yet to respond to the company's complaint.

Buy the Mi Band 5 on Amazon

, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Source(s)

Read all 3 comments / answer
static version load dynamic
Loading Comments
Comment on this article
Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 4209 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
contact me via: LinkedIn
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 01 > Xiaomi goes to Washington over its US Administration blacklisting
Deirdre O'Donnell, 2021-01-30 (Update: 2021-01-30)