A U.S. federal judge on Friday temporarily blocked the Department of Defense from forcing American investors to divest from Chinese smartphone maker Xiaomi Corp on the grounds the company has ties to China’s military. The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other firms to a list that requires Americans…
FTSE Russell to Drop Xiaomi, Luokung From Indexes on US Order; Scraps AMEC Inclusion
March 5, 2021
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SHANGHAI—Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by President Donald Trump. The changes come after the Trump administration in January placed Xiaomi and eight other companies on…
The Chinese Military Network Behind the World’s Third-Largest Cell Phone Maker
Xiaomi, the world’s third-largest cell phone maker and China’s second-largest, denied its connections to the military after it was blacklisted by the Trump administration as a military-owned company controlled by the CCP, but a closer look at the background and connections of its founder and CEO, Lei Jun, led to the discovery of a huge…
Pentagon Names 9 New Chinese Companies With Ties to Chinese Military
January 15, 2021
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ChinaChina-US NewsChinese militaryDepartment of DefenseDonald TrumpMilitary-Civil FusionPentagonUSXiaomi
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The U.S. Department of Defense on Jan. 14 added nine Chinese companies to a growing list of companies with ties to the Chinese military. Among the nine companies were cellphone maker Xiaomi, semiconductor equipment maker Advanced Micro-Fabrication Equipment (AMEC), chip designer GOWIN Semiconductor, state-owned China National Aviation Holding, and aircraft manufacturer Commercial Aircraft Corporation of…
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