Xiaomi Sues US Government Over Trump Administration Order Designating It As A Communist Chinese Military Company And Banning Americans To Own Its Shares
Xiaomi Logo (xiaomi / via twitter)
Xiaomi Corporation, the worldâs third-largest smartphone manufacturer, has sued the United States government seeking to undo a ban by Donald Trump administration prohibiting US investors from owning the companyâs shares.
In a filing at the US District Court of Columbia, Xiaomi contented that the executive order by US Department of Defence (DOD) designating it as a Communist Chinese military company (âCCMCâ) is âunconstitutionalâ and it deprives it of its liberty and property rights without due process of law .
Biden administration delays Chinese military-related investment ban
The new US government has delayed a Trump-era executive order by four months
Biden administration delays Chinese military-related investment ban
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Home Global chip shortage puts car supply chain under the microscope
Global chip shortage puts car supply chain under the microscope
Severe shortage of key supplies risks becoming recurring crisis for motor industry
World Economy News
26 Jan 2021 • 5 min read
China’s car market staged a dazzling recovery in the second half of last year, but it has come at a heavy price.
The rebound has left companies including Volkswagen, General Motors and Honda facing a shortage in chips as a lockdown-driven boom in games consoles, laptops and televisions sends demand for semiconductors soaring and threatens to overwhelm chipmakers.
Fiat Chrysler was one of more than a dozen carmakers forced to idle plants this year as contract chipmakers in Taiwan and China were caught off guard by the multipronged surge in demand.
By Reuters Staff
3 Min Read
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo
LONDON (Reuters) -FTSE Russell will delete a further three firms from its global equity indexes after guidance on an executive order by outgoing President Donald Trump barring U.S. investments in some Chinese companies, a hardening of his stance against Beijing.
China United Network Communications, Semiconductor Manufacturing International Corporation (SMIC) and Nanjing Panda Electronics will be deleted from FTSE Russell’s FTSE Global Equity Index Series as well as the FTSE Global China A Inclusion Indexes from Thursday.
Home / Top News / ROSEN, RESPECTED INVESTOR COUNSEL, Reminds Semiconductor Manufacturing International Corporation Investors of Important February 8 Deadline in First Filed Securities Class Action Commenced by the Firm – SMICY
ROSEN, RESPECTED INVESTOR COUNSEL, Reminds Semiconductor Manufacturing International Corporation Investors of Important February 8 Deadline in First Filed Securities Class Action Commenced by the Firm – SMICY
NEW YORK, Jan. 23, 2021 (GLOBE NEWSWIRE) Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Semiconductor Manufacturing International Corporation (OTC: SMICY) between April 23, 2020 and September 26, 2020, inclusive (the “Class Period”), of the important February 8, 2021 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for SMIC investors under the federal securities laws.