The Donald Trump administration has military blacklisted a total of 9 Chinese companies, including Xiaomi. These companies have been charged with working with the Chinese army. The Trump administration has highlighted the People’s Republic of China’s military-civil fusion development strategy prominently, which is making the People’s Liberation Army (PLA) modern.
Companies that have been banned
The name of Chinese smartphone company Xiaomi and oil-producing company Cnooc comes prominently in the companies that have been banned by the Trump administration. Most of the companies in black-listed companies are associated with the aviation, aerospace, telecommunications, and construction sector. These companies would not be able to invest in the US. At the same time, these companies will have to reduce their earlier investment by 11th November 2021.
Companies like Huawei and ZTE linked to the telecom sector have already been banned on behalf of the Trump administration. The government has labeled the Xiaomi company as a communist Chinese military company.
Other companies include China’s largest chipmaker Semiconductor Manufacturing International Corporation (SMIC), and China’s third-largest oil company China National Offshore Oil Corporation.
More companies that have been blacklisted include Luokong Technology Corporation, Gowin Semiconductor Corporation and Global Tone Communication Technology Company, and Advanced Micro-Fabrication Equipment Inc among others.
US further added China National Offshore Oil Corporation to the Entity List and Chinese-firm Skyrizon to the Military End-User List.