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Xiaomi Goes for the Jugular Against Beleaguered Huawei

Xiaomi Goes for the Jugular Against Beleaguered Huawei

Recent U.S. sanctions against Chinese tech giant Huawei, which has been accused of having close ties with the Chinese military, is creating some interesting ancillary stories and opportunities. Since U.S. sanctions cut off Huawei from leading-edge semiconductors last quarter, its main rivals in smartphones and 5G equipment could seize the opening. Perhaps no opportunity is greater than the one for rival smartphone manufacturer Xiaomi (OTC: XIACY).