Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Xiaomi No More a Chinese Military Company, Rules US Court

Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Global conglomerate Xiaomi on Wednesday said that a court in the US has formally vacated the Department of Defense’s designation of Xiaomi as a “Communist Chinese Military Company”, thus lifting all restrictions on its citizens to purchase or hold securities of the company.

On Tuesday, the US District Court for the District of Columbia issued a final order vacating the Department of Defense’s designation of Xiaomi as a Chinese military company.

The company is grateful for the trust and support of its global users, partners, employees, and shareholders. The company reiterates that it is an open, transparent, publicly traded, independently operated, and managed corporation, – Xiaomi said in a statement.

Xiaomi said that it will continue to “provide reliable consumer electronics products and services to users, and to relentlessly build amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology”.

In March, the court ruled to temporarily suspend the decision by the Department of Defence asking the US companies not to invest in the Chinese conglomerate.

In January, the US government blacklisted Xiaomi as a “Communist Chinese military company”.

A Xiaomi spokesperson said: “The company 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. The company will take appropriate course of actions to protect the interests of the Company and its shareholders”.

In July 2020, the US Federal Communications Commission (FCC) designated Chinese telecom companies Huawei and ZTE, as national security risks to America’s communications networks.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic