China’s Hikvision Says US Blacklisting Could Hurt in the Short-Term

Camera

China’s Hikvision said on Wednesday a decision by the US government to place it on a trade blacklist could have a short-term impact on the video surveillance company’s performance.

Hikvision was one of eight Chinese firms included on an expanded US trade blacklist on Monday aimed at punishing Beijing for its treatment of Muslim minorities and which has escalated tensions ahead of high-level trade talks in Washington this week.

The action, also directed at top Chinese AI startups SenseTime Group and Megvii Technology, bars them from buying components from US companies without US government approval.

Hikvision is highly confident in its long-term prospects as the firm has been making preparations for being blacklisted over the past two years, its general manager Hu Yangzhong told reporters, adding that the company had reduced its reliance on US components.

Hikvision has not been allowed to sell to US federal government agencies since mid-August due to a law that blocked five Chinese firms, citing them as possible security threats because their products could allow access to sensitive systems.

John Honovich, founder of surveillance video research company IPVM, has said Hikvision uses Intel, Nvidia, Ambarella, Western Digital, and Seagate Technology as suppliers.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and subscribe to our YouTube channel.

Jays x-Five Wireless Headphones Launched in India at Rs. 3,999

NBA Fans in China Seek Refund From Tencent as Streaming Suspended

Products You May Like

Articles You May Like

Google Claims ‘Quantum Supremacy’ With New Processor That Could Change Computing Forever
MediaLab acquires messaging app Kik, expanding its app portfolio
Vivo U3 Teased With Snapdragon 675 SoC; Mysterious Vivo Phone With Triple Rear Cameras Surfaces on TENAA
A bike lover’s take on the Cowboy e-bike
OnePlus TV Q1, OnePlus TV Q1 Pro Listed With Up to Rs. 15,400 Off on Exchange, Rs. 3,500 Discount on ICICI Cards: All Offers

Leave a Reply

Your email address will not be published. Required fields are marked *