The US Department of Defense will remove China’s Xiaomi Corp from a government blacklist, a court filing showed, clearing the way for any future American investment in the smartphone maker.
The filing stated that the two parties would agree to resolve their ongoing litigation without further contest, bringing to an end a brief and controversial spat between the hardware company and Washington.
Xiaomi did not immediately respond to a Reuters request for comment.
Earlier this year the US Department of Defense, under the Trump administration, designated the firm as having ties to China’s military and placed it on a list that would restrict US investment in the company.
Xiaomi quickly responded by filing a lawsuit against the US government, calling its placement “unlawful and unconstitutional” and denying any ties to China’s military.
In March, under the new Biden administration, a federal judge temporarily blocked enforcement of the blacklisting.
Shares in Xiaomi rose over 6 percent in Hong Kong as news of the decision spread.
Samsung overtakes Apple in smartphone global sales as Xiaomi closes inSamsung Electronics Co Ltd reclaimed its crown as the world’s biggest smartphone maker from Apple in the first quarter, cornering a fifth of overall ... Technology
China’s smartphone maker Xiaomi to invest $10 bln in electric vehicle unitChina’s Xiaomi Corp announced plans on Tuesday to invest $10 billion in a new smart electric vehicle (EV) business, and separately to release ... Technology
Blacklisted Chinese firms eye lawsuits after Xiaomi win against Trump banChinese companies targeted by a sweeping investment ban imposed by former President Donald Trump are considering suing the US government after a ... Economy
Smartphone giant Xiaomi sues to reverse US blacklistingChinese smartphone maker Xiaomi said Sunday it had filed a lawsuit seeking to overturn the former Trump administration’s last-minute blacklisting of ... Technology