Washington Considers Adding Hikvision to the List of Blacklisted Chinese Tech Companies

Washington Considers Adding Hikvision to the List of Blacklisted Chinese Tech Companies

Washington Considers Adding Hikvision to the List of Blacklisted Chinese Tech Companies

The restrictions, which according to the source are among several options being considered by the Trump administration, would severely limit Hikvision's ability to buy US technology from American companies.

The US is deliberating whether to add Megvii, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology and two others to a blacklist that bars them from US components or software, people familiar with the matter said. Trump's administration last week barred Huawei Technologies Co. from American technology. The letter also said Hikvision was possibly "complicit in gross violations of human rights" for providing training or equipment to officials involved in the internment actions, which United Nations experts said resulted in the detainment of over 1 million Uighurs and other Muslims.

A report by China Merchants Securities Co said Hikvision's USA business only accounts for 6 percent of its total revenue and that it takes a positive view on the company's long-term development. It would mark the first time the Trump administration punished a Chinese company for its role in the surveillance and mass detention of the Uyghur Muslim ethnic minority, informed sources told The New York Times on Tuesday.

President Donald Trump and Chinese Vice Premier Liu He talk to reporters in the Oval Office, at the White House, on April 4. With the crumbling trade negotiations earlier this month however, the US has been increasing the economic pressure it is putting on China.

"Separately, Hikvision takes cybersecurity very seriously as a company and follows all laws and regulations in the markets we operate". In addition to a trade fight that has rattled global markets, Washington has pressured allies and foes alike to avoid using Huawei for 5G networks that will power everything from self-driving cars to robot surgery, forming the backbone of a modern economy. The Justice Department accuses Huawei also of willfully violating sanctions on Iran, and previous year engineered the arrest of the eldest daughter of Huawei's billionaire founder. Current estimates indicate that anywhere from 1 million to 3 million Uighurs are now being held in China's concentration camps, according to the U.S. State Department.

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Hikvision and Dahua have been among the biggest beneficiaries of Chinese President Xi Jinping's unprecedented push to keep tabs on his country's 1.4 billion people.

As 42% of Hikvision is held by state-owned firms, the Chinese government has a stake in the welfare of the company.

Hikvision - the industry leader - now sells its cameras around the world.

"We own got time and once more acknowledged that China opposes the US's put together of abusing insist vitality and arbitrarily discrediting and suppressing global enterprises, including Chinese enterprises", Lu Kang, a ministry spokesman, stated at a contemporary briefing in Beijing in a response to a question about the possibility of blacklisting Hikvision.

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