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Xiaomi won big in America

A federal court decision suspended the U.S. Department of Defense’s investment ban on Xiaomira. The ban came at the end of the deregulation of the Trump administration, when the military also put Xiaom on the list of companies affiliated with the Chinese army. However, according to a recent court ruling, the decision was arbitrary and deprived the Chinese company of its procedural rights.

Judge Rudolph Contreras believes that Xiaomi wins the lawsuit to lift the restriction. , so it has now issued an order to suspend the provision so that the company does not suffer “irreparable damage”.

Xiaomi is the world’s third largest mobile manufacturer, which, according to International Data Corporation (IDC), sold It preceded Apple.

Xiaomi won big in America

Former President Donald Trump signed a decree last November banning U.S. investors from investing in companies owned or controlled by the Chinese military. Restrictions citing a threat to national security have also affected Chinese applications such as WeChat and TikTok. whether national security interests would really prevail here.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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