June 23, 2021

Info IEC

Business & Finance Information

Day: May 12, 2021

HONG KONG—The Protection Division has agreed to take away Xiaomi Corp. from a blacklist that prohibits U.S. funding within the Chinese language tech big, reversing course after a federal court docket had granted a short lived halt to the ban following a lawsuit by the corporate.

In a one-page submitting in Washington, D.C., federal court docket Tuesday, legal professionals for each side mentioned eradicating Xiaomi from the U.S. blacklist was acceptable following the corporate’s court docket victory in March, thereby avoiding further litigation over the matter.

Xiaomi filed a lawsuit in January difficult the Pentagon’s determination to position it on

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