Nine other Chinese companies, including Xiaomi, have been excluded from the US Department of Commerce. The companies listed here do not have access to US assets and developments. With this, the emerging mobile manufacturer could face the fate of Huawei. .

The Trump administration, which is resigning under the decision, views Xiaomi as a national security threat in much the same way as Huawire or ZTE. However, this may not only have a negative impact on the Chinese company due to the US technology embargo, he writes. Android Police.

Xiaomi’s blacklisting also means that US investors will have to ditch their stake in Xiaomi. This could also be an extremely delicate move because while Huawei or ZTE are primarily driven by the Chinese state, Xiaomi has received billions of dollars from investors since its listing in 2018.

American investors have been given a postponement until November 11 to divest their shares, giving them the opportunity to sell them. However, the effect of the decision is already being felt: since the announcement, the company’s share price has fallen by 10 percent, currently worth 29.15 Hong Kong dollars, or about 1,100 guilders.

Following the announcement of the US embargo on Huawei in May 2019, we wrote that if Xiaomi, who wants to replace Huawei, is doing too well, it can easily find itself on the blacklist. This, in turn, is already very thin ice. A massive ban on most mobile buyers could easily backfire on the American gun, especially if Chinese manufacturers work together to vote for a new platform.

An interesting question about the relationship between the United States and China is what the Biden administration, which comes to power next week, will do with the bans imposed by the Trump administration.

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