The Chinese company Xiaomi is no longer blacklisted by the US government, following a lawsuit to US courts. According to Bloomberg, sides agreed “upon a path forward that would resolve this litigation without the need for a contested briefing”, meaning the US Defense Department backed down from de-listing the manufacturer from global benchmark indexes. The conflict first began in November 2020, when former US President Donald Trump designated Xiaomi as a “Communist Chinese military company”, barring American citizens and companies from investing or dealing with the maker. Xiaomi...
Source: https://www.gsmarena.com/xiaomi_is_no_longer_blacklisted_by_the_us_government-news-49072.php
