H Xiaomi filed a lawsuit in the Washington District Court against the United States, specifically against Ministry of Finance of the country and Minister Janet Yellen.
Πrecently, the government of USA targeted Xiaomi by adding it to a military "black list». This essentially means that investors in the country should withdraw from any investments they have made in the company by 11 November 2021.
Shortly after the news, Xiaomi issued a statement saying it had no ties to the Chinese military. According Reuters post, the company has reacted and filed a legal complaint.
According to the report, Xiaomi has filed a lawsuit in the Washington District Court against USA, specifically against him Ministry of Finance of the country and the Minister Janet Yellen. Xiaomi considers the decision to add it to the military blacklist as "illegal and unconstitutional".
As in its previous statement, Xiaomi reiterates that the company is not controlled by the People's Liberation Army of China. When the US government made the decision, it did not prove that the third largest smartphone maker in the world is connected to the Chinese army. The statement therefore states that 75% of the rights of the company belongs to the co-founders Lin Bin and Lei Jun.
He adds that the alleged "public connectionWith the military, if it exists, damages the company's reputation with its associates. The company reported that a significant number of shareholders come from USA. whose strategic relationship is critical to growing in a competitive market.
Although Xiaomi can still import American technology without a license, unlike Huawei or the DJI contained in 'List of EntitiesThe company states that this immediate restriction on investments will cause irreparable damage to the company.
We will wait and see how the US government reacts in the coming days.
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