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India has seized assets worth approximately $725 million from Xiaomi India after the country’s anti-money laundering agency found the subsidiary had broken local foreign exchange laws. According to Reuters, India’s Enforcement Directorate announced Saturday it recently determined Xiaomi had made illegal remittances when it attempted to pass off some transfers as royalty payments. That money went to three foreign companies, including one under the wider Xiaomi banner. The Enforcement Directorate found Xiaomi designed the payments to benefit itself. "Such huge amounts in the name of royalties were remitted on the instructions of their Chinese parent group entities," the agency said....

NEW YORK ­– Taiwan’s chip fabricators signed an agreement on December 3 to create their own semiconductor equipment industry, opening an “option to decouple from the West,” in the view of a prominent US research firm. The Taiwanese initiative responds to Washington’s extraterritorial sanctions on buyers of US fabricating equipment, imposed by then-president Donald Trump in May 2020. The US asserts the right to block sales of chips produced with US machines or intellectual property. The US sanctions shut off Chinese tech giant Huawei’s access to high-end chips of 7 nanometers and below, crippling what previously was the world’s top...

VILNIUS, Lithuania (AP) — Lithuanian cybersecurity experts are urging the country’s government agencies to abandon the use of Chinese-made smartphones after an investigation identified security vulnerabilities and censorship concerns with certain devices. Lithuania’s National Cyber Security Center said it found four major cybersecurity risks for devices made by Huawei and Xiaomi, including two relating to pre-installed apps and one involving personal data leakage, and warned against using these two brands. There’s also the risk of possible restrictions on freedom of expression with Xiaomi phones, which contain a content-filtering feature for 449 keywords or groups of keywords in Chinese characters. The...

Chinese smartphone maker Xiaomi, which was taken off the blacklist by the Biden administration in May, became the world’s second-largest smartphone maker in the second quarter of 2021, overtaking Huawei domestically and Apple globally, by expanding its overseas business through the Belt and Road Initiative (BRI). According to a July 15 report by market research firm Canalys Research, Samsung ranked first with 19 percent, Xiaomi second with 17 percent, and Apple third with 14 percent in global smartphone market share in the second quarter of this year. The other two Chinese brands, Vivo and OPPO, ranked fourth and fifth respectively....

Chinese manufacturer Xiaomi has overtaken Apple's as the second largest smartphone-maker in the world, after Samsung, according to a new report. In the second quarter of 2021, global smartphone shipments increased by 12%, market analysis firm Canalys said Thursday, with Samsung shipping the largest number at 19%, Xiaomi coming second with 17% and Apple in third with 14%. Xiaomi's shipments increased by 83% in the past quarter with the largest gains made in Latin America, Africa and Western Europe. Its phones are not widely available in the US. The company's most recent flagship device, the Mi 11 Ultra, has an...

China's Xiaomi Corporation has surpassed US rival Apple Inc by 33% in global smartphone shipments to become the second largest smartphone manufacturer. According to Canalys research, Xiaomi had a 17% share of global smartphone shipments during the second quarter 2021. Samsung had a 19% share. Apple came third with a 14% market share. Compared to Apple and Samsung, Xiaomi's average selling prices are around 40% and 75% lower respectively. Xiaomi's top priority this year is to increase sales of its high-end devices like the Mi 11 Ultra.

WASHINGTON—The U.S. Defense Department will remove China’s Xiaomi from a government blacklist, a court filing shows, marking a reversal by the Biden administration of one of former President Donald Trump’s last actions aimed at Beijing before exiting office.The court filing stated that the company and the U.S. government would agree to resolve their ongoing litigation, bringing to an end a brief conflict between the hardware company and Washington.A Xiaomi spokeswoman said the company is watching the latest developments closely, without elaborating.Shares in the company jumped more than 6 percent in Hong Kong as news of the decision spread. The company’s...

Apple unveiled its iPhone 11 line up Sept. 10, rolling out three variants: the iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max... Sales of the iPhone have been robust in the months of September and October, Bloomberg reported, citing internal calculations based on data released by the China Academy of Information and Communications Technology, or CAICT. CAICT is a unit of China's Technology Ministry. Apple reportedly sold 10 million iPhones in September and October, a 6% year-over-year increase. The CAICT report said Chinese domestic smartphone shipments came in at 34.6 million units in October, representing a 4.5% drop,...

As things stand, America is likely to lose the tech war with China. The stock market should be sending a message to President Trump. U.S. semiconductor stocks are down 20% in the past month, and the broad market has been in freefall for a week. This is a war we can win, by mobilizing American ingenuity to produce technology that will crush the competition. No-one ever won a war by trying to stop someone else from doing something. I'm an Always Trumper, and I want the president to win another term. But he's risking the U.S. economy and his re-election...

The $150 handset joins the burgeoning club of handsets offering a 48-megapixel rear camera. Chinese smartphone maker Xiaomi has unveiled the budget Redmi Note 7, which starts at 999RMB ($150) and features a dual rear camera with 48-megapixel and 5-megapixel sensors. The Redmi Note 7 is the first phone launched since Xiaomi CEO Lei Jun revealed last week that it would break out Redmi as its own sub-brand, leaving Xiaomi to focus on higher-end phones. READ THIS Xiaomi goes after Samsung Galaxy S6 buyers with new Mi Note Pro Xiaomi goes after Samsung Galaxy S6 buyers with new Mi Note...

For years the push to replace physical drivers licenses with digital drivers licenses has relied one one thing; privacy. But all of the "fake news" the public has been fed about their privacy is about to come "crashing" down, literally. A Nevada bill if passed would allow police to search everyone's smartphones. Nevada bill AB200 allows police to search the phones of everyone involved in a car crash. "An act relating to motor vehicles; authorizing a peace officer at the scene of a traffic crash to use technology to determine if a driver was using a handheld wireless communications device at...

Do you know your place? In these days of hysterical Wokesterism, the question would surely provoke a riot of cowbell-clanging Antifa cadres, fainting spells in the congressional black caucus, and gravely equivocal op-eds from David Brooks of The New York Times. Yet it’s a central, unacknowledged quandary of our time that so many Americans have no place and suffer terribly from it. Human beings need a place in the social order, in the economic order, and in actual geography in order to function optimally in a life fraught with the normal challenges and difficulties that reality presents. Let’s take these places in...

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple's business in India to a new level Foxconn, which already makes phones for Xiaomi Corp in India, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone...

The 20-million square foot campus was praised by President Donald Trump as proof of his ability to revive American manufacturing. -- t campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing. Foxconn, which received controversial state and local incentives for the project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller LCD screens instead. Now, those plans may be...

When Apple’s chief executive, Tim Cook, warned investors on Wednesday that the company was facing slowing sales in China, the wider world seemingly greeted the news that Apple had lost its China mojo with shock. But for those who are smartphone users in China, the news just confirmed what we already knew: China’s domestic brands have made huge strides in the years since 2012, creating new features and products that take into account what Chinese users want, for a small fraction of the price. Apple, meanwhile, has mostly failed to localize or reinvent itself, on the assumption that global cachet...

When Xiaomi first began making smartphones in 2011, it took many design cues – on both hardware and software – from Apple, so much so that the Chinese company was dismissed as an iPhone copycat maker by Western tech sites. The stigma of this stuck with the company for years (at least in English-language media), even though Xiaomi had developed a nice identity of its own by 2014. It wasn’t until two years later, though, when Xiaomi wowed the industry with its pioneering bezel-less Mi Mix that it finally shed that label. Old habits die hard, however. On Thursday Xiaomi...

Chinese smartphone maker Xiaomi on Thursday launched budget smartphone Redmi 2, the successor to its affordable Redmi 1S, in India today priced at Rs 6,999. Xiaomi Redmi 2 will directly compete with the newly-launched Moto E 2nd Gen which also carries a similar price tag. The 4.7- inch dual 4G device is powered by 64-bit Quad-core 1.2GHz Snapdragon 410 processor and has 1GB RAM, 8GB Flash (expandable to 32GB) and a 2200mAh battery, which is 10 per cent more than the Redmi 1S. The Cortex A53 CPU and Adreno 306 GPU on Redmi 2 offer 30 per cent faster browsing...

There have been privacy and security concerns around Xiaomi phones in the past but now Indian Air Force (IAF) is reportedly warning against using the devices manufactured by the Chinese company. According to a report by the Sunday Standard, the IAF has told its officers and their families not to use Xiaomi devices, citing security concerns. The IAF reportedly suggests that Xiaomi devices send data to an agency which reports to the ministry of information industry in China. The IAF, according to the report, issued the advisory on the basis of information obtained from the Indian Computer Response Team, which...