Xiaomi and US Government Bury the Hatchet, Settle Investment Ban

[upnorth]

Content source

https://arstechnica.com/gadgets/2021/05/biden-administration-walks-back-trumps-xiaomi-investment-ban/

Xiaomi is no longer on the government's blocklist, according to a new court filing spotted by Reuters. On its way out the door on January 14, the Trump administration's Department of Defense declared Xiaomi a "Communist Chinese military company," but now with Joe Biden in charge, Xiaomi and the US government are burying the hatchet. According to Reuters, "The filing stated that the two parties would agree to resolve their ongoing litigation without further contest."

Xiaomi and the US government bury the hatchet, settle investment ban

Trump's DOD called Xiaomi a "Communist Chinese military company" in mid-January.

arstechnica.com

 

[rain2reign]

Author forgot to add the following to the title:
"for now"