As noted by Reuters, a 1999 law requires the Defense Department to compile a catalog of companies owned or controlled by the People’s Liberation Army. The Pentagon…
As noted by Reuters, a 1999 law requires the Defense Department to compile a catalog of companies owned or controlled by the People’s Liberation Army. The Pentagon has added 35 companies so far, including chipmaker SMIC. Huawei is on the list, too, due to its telecoms infrastructure business that is worrying some governments. Xiaomi recently announced the Mi 11, its latest smartphone Both Huawei and SMIC are also part of the US Commerce Department’s ‘entity list’, which prevents American organizations from exporting to the blacklisted companies without a government license.
