News Snapshot:
15 comments What just happened? As Donald Trump approaches the end of his term, the president is putting the pressure on a Chinese giant—but this time, it's not Huawei. The outgoing administration has designated Xiaomi, the world's third best-selling phone maker, a 'Communist Chinese military company,' adding it to a blacklist that could force U.S. investors to divest. 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,...
