Page 15 - வணிகரீதியானது வான்கலம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Xiaomi Plummeted By 11% After US Backlash Xiaomi, one of the biggest smartphone manufacturers in China, has seen an 11% dive in stock price after being blacklisted by the US. The tech giant joined 11 firms targeted by Washington, claiming that they posed a threat to national security. According to the International Data Corporation, Xiaomi Corporation overtook Apple in smartphone sales in the third quarter of 2020 for the very first time in history, thanks to its wide variety of budget and high-end Android smartphones. Last year, Apple launched the iPhone 12, while Xiaomi launched its Mi 9, Mi 11, and Mi Note 10 Pro lineups. In a statement, the US Department of Defense says that it is determined to highlight and counter the People s Republic of China s (PRC) Military-Civil Fusion development strategy, which supports the modernization goals of the People s Liberation Army (PLA) by ensuring its access to advanced technologies and expertise acquired and developed by even those P

United statesWhite houseDistrict of columbiaUs administrationAircraft corporation of chianLuokong technology corporationXiaomi corpChina national aviation holdingChinese military companyPeople liberation armyNational defense authorizationSemiconductor corpUs department of defenseXiaomi corporationInternational data corporationZhongguancun development investment center