First statement from Xiaomi after U.S. decision!


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First statement from Xiaomi after U.S. decision

While the embargo imposed on Huawei by the United States during Donald Trump’s presidency continues uninterrupted, there is good news for Xiaomi, another Chinese tech giant. Shortly before his handover, Trump announced in January that he was adding Xiaomi to the blacklist.

The U.S. Department of Defense cited Xiaomi’s ties to the Chinese military. Xiaomi, which took the matter to the judiciary after this decision, won its first victory a week before the start of financial restrictions. U.S. District Judge Rudolph Contreras ruled that the decision was arbitrary and temporarily halted the ban on Xiaomi.

Xiaomi: We welcomed the decision of the US judiciary

Following this decision, an official statement was issued by Xiaomi management;

At Xiaomi, we welcomed the court’s decision on March 12th to stop the U.S. Department of Defense’s practice of identifying Xiaomi as a “Communist Chinese Military Company” (CCMC). In accordance with the injunction, the court lifted the “Presidential Order” restriction no. 13959, which allows U.S. citizens to purchase Xiaomi’s securities and dispose of the assets they own, to take effect completely and immediately.

At Xiaomi, we reiterate that we are a publicly traded, exchange-traded and independently managed company that offers consumer electronics products exclusively for civil and commercial use.

We believe that the decision to define Xiaomi as a company linked to the Chinese military is purely arbitrary practice, and the judge showed that he agreed with this idea. We will continue our request for the court to recognize that this definition is unlawful and to permanently remove the definition.

READ  Xiaomi responds to US’ blacklist ' move

As a young and energetic technology company, we have and continue to offer great consumer electronics products such as smartphones and smart TVs for years at fair prices to consumers around the world. We will continue to work with partners around the world to ensure that everyone lives a much better life with innovative technologies.


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