The U.S. government has agreed to remove Xiaomi from a Trump administration's exclusion list after the company filed a lawsuit earlier in the year, according to court documents seen by Bloomberg. Xiaomi was added to a US military list of alleged Chinese military companies in January, which would have blocked US investment in the company.
"The parties have agreed on a way forward that will resolve this dispute," the statement said. Other details are lacking, but both parties will submit another joint proposal before May 20, according to Bloomberg.
At the end of Trump's term, the US Department of Defense said that Xiaomi is a Chinese military-controlled company and part of China's "military-political fusion strategy." Xiaomi returned with the lawsuit just two weeks later, stating that its two co-founders had 75% of the voting rights and that there were no military ties to the property. He added that three of its major shareholders were US investment groups.
In March, a U.S. court temporarily halted the blockade, saying Xiaomi was likely to win a full reversal. So far, the Pentagon, Xiaomi and Chinese authorities have not commented on the development.
Source of information: engadget.com