In 2012, we discussed potential plans for China to Block Out Western Manufacturers?
A key part of that was a Chinese codec / standard called SVAC, an alternative / replacement for H.264.
It's been in the news recently with a boutique Chinese research firm's post in Forbes, with the audacious claim that "It’s likely that the state will enforce SVAC as a mandatory standard within the next 6 months."
The company developing / promoting SVAC is a publicly traded company named Vimicro. The company's annual revenue has hovered around ~$70 million USD in for the past 4 years, all the while generating significant loses.
However, in the past year, the company's stock price has skyrocketed from $1.23 to ~$9.00 USD.
The company's valuation is now ~$200 million USD.
Despite this, Vimicro's revenue and valuation is still less than 1/10th that of the mega Chinese manufacturers like Dahua or Hikvision.
Do they have such political connections that they are really going to knock out H.264 in China?
Anyone have any idea what this company is really doing?