U.S. Imposes Restrictions On Chinese Drone-maker DJI

Share post:

The U.S. government has imposed further restrictions on Chinese drone maker DJI and seven other Chinese companies through the Treasury Department.

It has been claimed that DJI’s drone technology has been used to monitor Uyghur Muslims in China, and the new sanction means DJI is now on an investment exclusion list.

This, therefore, prohibits U.S. citizens from buying and selling shares in the company. But despite the new sanctions, U.S. consumers will still be able to buy and use DJI drones, as DJI is not a publicly-traded company.

Many may not know, but DJI has decent patronage in the United States, as more than 900 U.S. public safety agencies use the company’s products.

Further data from Drone Industry Insights showed that the company had a market share of almost 80% in consumer drones by 2020.

For more information, read the original story on the BBC.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Spotify CEO confesses to “rough times after layoffs” – stock price rises

In December, Spotify CEO Daniel Ek announced the largest round of layoffs in the company's history, cutting 1,500...

Zuckerberg shares his vision with investors and Meta stock tanks

In an era where instant gratification is often the norm, Meta CEO Mark Zuckerberg’s strategic pivot towards long-term,...

Apple reduces forecasts for Vision Pro as demand cools in key US market

In an unexpected shift, Apple has drastically reduced its shipment forecasts for the upcoming Vision Pro, indicating a...

Controversial expansion of US surveillance powers nears Senate vote

The US Senate is poised to vote on a significant expansion of Section 702 of the Foreign Intelligence...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways