Government of we include Xiaomi and eight more Chinese companies to the list of “Chinese communist military companies”. The addition was announced by the US Department of Defense on Thursday (14) in a press release. Manufacturers of cell phones, fitness bracelets, and other products decline the charge.
“The Department of Defense has published additional names of ‘Chinese communist military companies’ operating directly or indirectly in the United States, in accordance with the statutory requirement of Section 1237 of the Defense Authorization Act. for fiscal year 1999, as revised ”, published.
In total, nine companies were added to the list. Among them are Xiaomi and the airline company Comac. Other Chinese companies are also involved in this relationship, such as Huawei, which has been facing the country’s authorities since 2019 and chip maker SMIC.
The Defense Department said it “will continue to update the list with additional entities, if appropriate”. Based on Reuters, companies will be subject to a new investment ban in the United States. If there is no change, investors will have to sell their shares before 11/11/2021.
What did Xiaomi say?
Xiaomi posted a note on its Twitter profile on Friday (15) for its partners and “Mi Fans”. In the statement, the company acknowledged the US Department of Defense notice and said it did not “own, control or associate with the Chinese military” and that it is not “the Chinese communist military company. “.
“The company complies with laws and operates with the relevant laws and regulations of the jurisdictions where it conducts business,” they said in a note. The company reiterates that they provide products and services for civil and commercial purposes ”.
Smartphone maker, Mi Band and the like, further announced that “they will take appropriate measures to protect the interests of the company and its stakeholders.” Xiaomi will say it again in the future if demand arises.