$XIAOMI-W(01810)$  Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone maker.

TheTrump-era banwas halted Friday by a US federal judge, who ruled that Washington lacked “substantial evidence” to support its claim that Xiaomi is owned or controlled by China’s military.

Days before President Joe Biden took office in January, the US Department of Defense added Xiaomi to a list of companies it claimed were linked to the Chinese military. Businesses on the list were subject to harsh restrictions, including theAmerican investmentban.

Had US District Judge Rudolph Contreras not issued a preliminary injunction, the ban would have taken effect Monday, according to court documents.