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US agrees to delist Xiaomi from its controversial Blacklist

After been blacklisted by the Trump administration back in January, the US government is removing Xiaomi from its blacklist.

New report has surfaced indicating that the US government and Xiaomi have come to an agreement. With this new agreement, it means the Chinese company will be removed from a US blacklist.

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According to a filing in the US courts (spotted by Bloomberg), the Department of Defense has now affirmed that a final order removing Xiaomi from the blacklist “would be appropriate.”

“The Parties have agreed upon a path forward that would resolve this litigation without the need for contested briefing,” you can read an excerpt of the filing, according to the outlet Here.

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It seems that specific terms are been negotiated and by May 20 a join proposal will be issued.

Back in January, the Trump administration added Xiaomi to a blacklist accusing it of been a “Communist Chinese Military Company.” Been on that blacklist meant that US investors couldn’t invest in Xiaomi, it’s products won’t be sold in the US as it would’ve been delisted from US exchanges.

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And if the continued like Huawei, no US based company would have been able to work with Xiaomi.

Through a statement back in March, the Chinese manufacturer stated that it’s an independent, publicly traded company, and won a temporary injunction.

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There is no official statement from Xiaomi regarding this update as at time of writing this article. We’ll report an update once it’s available.

It seems the company is up for good news this season. A recent smartphone market-share report found that it overtook Apple for the number two spot in Europe in Q1 of 2021. And now it’s been removed from US blacklist.

Via

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