US judge lifts investment blockade in Xiaomi

The change of administration that we have seen in the United States has not brought about as many changes as one might expect when it comes to the treatment of Chinese companies like Huawei.

Where we have seen a change, but not on the political side, but on the judicial side, is with regard to the blockade that was in effect on Xiaomi. This company was included in the defense listWhile it does not prevent the company’s products from being marketed, it limits the investments of US entities and individuals in the company.

US judge lifts blockade on Xiaomi

This blockade of the Department of Defense was temporarily halted by a US federal judge before it goes into effect next week.

This blockade forced American investors to sell their stakes in Xiaomi Corp since, according to the government, the company has ties to the Chinese military.

This court decision is preceded by a lawsuit brought by Xiaomi in a Washington court in which he qualified the listing of the Department of Defense as “illegal and unconstitutional”.

Despite mentions that the Communist Party and the Chinese government have praised Xiaomi, the company alleges that it is not controlled by the People’s Liberation Army.

Federal Judge Rudolph Contreras argued that “the defendants have not convincingly argued that national security interests are at stake. “.

That decision could be overturned by subsequent government action, although the Biden administration will have to make the decision.

Xiaomi expands in Europe and plans to attack the United States

Xiaomi has signed an agreement with Three to expand in Austria, Germany, Italy, Ireland and Switzerland. Later, he will land in the United States.