They had managed to fly under the radar.
The US blacklisted brand catalog has just expanded, with Xiaomi as its latest addition.
Before being blocked by the United States, Huawei was on track to become the world’s largest mobile phone manufacturer. Eventually they got it, but it has been a difficult road.
Simply put, and to come to fruition as with Huawei, US companies are strictly prohibited from doing business with the brands on this list, so they can not use Google Mobile Services or buy hardware for your phones. The blockchain we’re currently talking about for Xiaomi, for now, is investment.
The information comes from the Reuters agency, where according to the document to which they had access, from November 2021 this would take effect. All U.S. investors must dispose of their assets from Xiaomi and Comac, which is the other reputable company that joins (and 7 more).
We don’t know if the next administration (Joe Biden) reconsidered these measures based on alleged espionage, or if the trade war will continue with dirty political tricks demagogues based on artificially expanding the local supply.
It is certainly a strong blow, we must be careful that it is made official.
UPDATE: It is now official, as can be seen in this Executive Order.