US backtracks on Xiaomi blacklisting
The US has agreed not to put Xiaomi on a blacklist blocking investment in the Chinese tech company, undoing a move made in the last week of the Trump administration. Xiaomi sued the US government over the designation, but just filed a joint status report with the Department of Defense saying the two parties “have agreed upon a path forward that would resolve this litigation without the need for contested briefing.”
The DoD had decided to designate Xiaomi as a “Chinese Communist Military Company,” which could have forced any American investors to divest their holdings in Xiaomi by November this year. After Xiaomi sued the government in response, a district judge issued a preliminary injunction to block the blacklisting, calling it...
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