US Department of Defence initially placed Xiaomi on blacklist in January
The US Department of Defence has announced it has removed Xiaomi’s designation as a ‘Communist Chinese Military Company’.
The Chinese vendor issued a statement which read: “Xiaomi (the “Company”) is pleased to announce that on May 25, 2021 at 4:09 pm (Eastern Standard Time), the U.S. District Court for the District of Columbia issued a final order vacating the U.S. Department of Defence’s designation of the Company as a “Communist Chinese Military Company” (CCMC).
“In vacating the designation, the court formally lifted all restrictions on U.S. persons’ ability to purchase or hold securities of the 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. The Company 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.”
The US Department of Defence initially placed Xiaomi on the military blacklist in January, claims which the tech firm had strongly denied.