US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
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Posted inHeavy Hitters
Xiaomi invests $1.5 billion in fully owned EV business
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Posted inThe Numbers
China made 6% of chips it used in 2020: report
China, the world’s largest semiconductor market, is highly reliant on foreign technology and aims to make 70% of the chips it uses by 2025.
Posted inTurf Wars
Huawei to fall to seventh place in 2021 global handset rankings: report
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.
Posted inUp and Comers
Honor unveils first handset since Huawei split
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
