Back in January, the U.S. Department of Defense (DoD) released a blacklist of 9 companies including Xiaomi as a Communist Chinese Military Company. After contesting the decision in February, a U.S. federal judge temporarily blocked the DoD from enforcing the consequences of the decision in March.
After several reports earlier this month, Xiaomi today announced that on May 25th, Tuesday, the U.S. District Court for the District of Columbia has issued a final order vacating the U.S. Department of Defense’s designation of the Company as a Communist Chinese Military Company.
In vacating the designation, the court has formally lifted all restrictions on U.S. people in buying or holding its stock.
In a statement, Xiaomi said:
The Company is grateful for the wet and support of all its global users, partners, employees and shareholders. The Company reiterates that it is an open, transparent, publicly waded, independently operated and managed corporation. The Company will continue electronics products and services to users, and to relentlessly build amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.