Xiaomi has finally reached an agreement with the U.S. government that Xiaomi will be removed from the blacklist altogether. The US Department of Defense has confirmed that the final order for 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.” It is being speculated that the specifics of this removal from the blacklist are currently under negotiation, a joint proposal is going to be issued on May 20th.
Finally Xiaomi makes it out of the U.S. Blacklist, but Huawei status still remains unknown.
Xiaomi found its way on to the blacklist by the Trump administration back in January. The accusations against the company is that they were a “Communist Chinese Military Company.” Being on the blacklist meant that investors in the U.S. could not invest in Xiaomi, therefore the company would have also been taken off from the U.S. exchanges.
Xiaomi has maintained that it acts as an independent, publicly traded company, even managing to win an injunction against the blacklisting back in March. This is great news for Xiaomi as they recently ended up surpassing Apple in terms of market share too.
As for Huawei, the company is still struggling to get out of the sanctions imposed on it. Considering how silent the U.S. government is on the matter, I don’t think that Huawei is making it of the blacklist any time soon.