Hikvision Admits Ban To Become Law

Author: John Honovich, Published on Aug 03, 2018

Hikvision has admitted they expect the US government ban to become law as soon as this month.

In a new 'Special Bulletin' to dealers, Hikvision declares:

Indeed, Hikvision acknowledges that the ban may extend further than just US government contracts:

Hikvision has abandoned its attempts to defeat the bill, having spent $140,000 lobbying the last two months, now trying to mitigate the impact from its impending passage into law:

Hikvision is deploying the necessary resources to mitigate any potential negative impact.

We will also work with the U.S. Government on the implementation of this legislation to minimize the impact it may have on our partners.

While they hope for mitigation, cutbacks are already occurring, Hikvision has dropped their large ASIS GSX booth and more cuts are likely coming.

Get Video Surveillance News In Your Inbox
Get Video Surveillance News In Your Inbox

China Government Owned Hikvision

However, Hikvision protested the decision objecting to a lack of proof of "potential security risks". Of course, the risks are obvious - their ownership and control by the Chinese government:

While Hikvision avoids discussing this, surely the PRC would not allow equivalent practices. Indeed, the Chinese government has determined foreign video surveillance to be a security risk.

Back In China 'Beaten'

Meanwhile, Hikvision and Dahua have "taken a beaten" according to leading Chinese publication SCMP:

However, Hikvision issued an investor statement declaring:

The above relevant contents of the bill will not have a material impact on the company's business.

该法案中的上述相关内容,并不会对公司业务造成实质性的影响。

Hikvision's valuation has dropped ~$5 billion in the 2 days since Congress passed the bill.

4 reports cite this report:

Hikvision President Addresses AI and USA Challenges on Oct 31, 2018
In frank recent China interviews, Hikvision's President Hu Yangzhong has addressed challenges impacting the video surveillance industry and...
China Is Not A Security Megatrend, Says SIA on Oct 19, 2018
The US Security Industry Association has released its 10 "Security Megatrends" for 2019. SIA declares that these megatrends, such as "Advanced...
Trump Administration Considers Sanctions Against Dahua and Hikvision on Sep 11, 2018
The Trump administration is considering sanctions against Dahua and Hikvision for their involvement in human rights abuses against minorities...
US House Passes Bill Banning Gov Use of Dahua and Hikvision on May 24, 2018
UPDATE August 2018: The bill has now been signed into law. The US House of Representatives has passed H.R. 5515, a bill that includes a ban on the...
Comments (11) : PRO Members only. Login. or Join.

Related Reports

Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Huawei Hisilicon Quietly Powering Tens of Millions of Western IoT Devices on Dec 12, 2018
Huawei Hisilicon chips are powering, at least, tens of millions of Western IoT devices, such as IP cameras and surveillance recorders, a fact that...
Infinova's Xinjiang Business Examined on Dec 07, 2018
As pressure mounts for companies to stop doing business in China’s Xinjiang region amid a severe human rights crisis, IPVM has found Infinova sold...
Dahua Car Startup Raises $290 Million But Questions Abound on Dec 03, 2018
Dahua’s electronic car startup LeapMotor raised $290 million in funding this year, it said in an announcement. However, this news raises questions...
Evidence of Dahua's Involvement In Xinjiang Surveillance on Nov 28, 2018
IPVM adds new details about Dahua’s activities in Xinjiang, a Chinese region where mass surveillance used to facilitate grave human rights...
HID Product Configurator Examined on Nov 26, 2018
HID is widely used. However, figuring out all the different configurations of features for a final credential or reader part number can be a real...
Pressure Mounts Against Dahua and Hikvision Xinjiang Business on Nov 19, 2018
Pressure is mounting against Hikvision, Dahua, and other companies operating in Xinjiang as an international outcry brews against the Chinese...
ISC East 2018 Mini-Show Final Report on Nov 16, 2018
This is our second (updated) and final show report from ISC East. ISC East, by its own admission, is not a national or international show, billed...
ASIS Offering Custom Research For Manufacturers on Nov 15, 2018
Manufacturers often want to know what industry people think about trends and, in particular, the segments and product they offer.  ASIS and its...
Directory of Video Intercoms on Nov 13, 2018
Video Intercoms, also known as Video Door-Phones or Video Entry Systems, have been growing in the past decade as more and more IP camera...

Most Recent Industry Reports

Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Cisco Meraki New Cameras and AI Analytics on Dec 14, 2018
Meraki has released their second generation of video surveillance with 3 new cameras, AI-based video analytics, and 2 cloud-based storage...
Foolish Strategy: OEMing Facial Recognition on Dec 13, 2018
Almost as 'hot' as face recognition marketing right now is OEMing facial recognition. Last year, they were a who's who of company's with...
DVR Examiner - Video Recovery from Recorder Hard Drives on Dec 13, 2018
Bypassing passwords and long download times on-site, DVR Examiner collects and organizes video evidence directly from a hard drive extracted from...
2019 Access Control Book Released on Dec 12, 2018
This is the best, most comprehensive access control book in the world, based on our unprecedented research and testing has been significantly...
Huawei Hisilicon Quietly Powering Tens of Millions of Western IoT Devices on Dec 12, 2018
Huawei Hisilicon chips are powering, at least, tens of millions of Western IoT devices, such as IP cameras and surveillance recorders, a fact that...
FLIR Launches Body Cameras Unified With VMS (TruWitness) on Dec 11, 2018
While FLIR is best known for their thermal cameras, now they have expanded into body cameras, launching TruWITNESS, a public safety focused body...
Startup Sunflower Labs' Autonomous Drone Security System on Dec 11, 2018
Startup Sunflower Labs is claiming a unique design on a home security system, combining autonomous drones and 'Sunflower' sensors. Imagine an...
The 2019 Video Surveillance Industry Guide on Dec 10, 2018
The 300 page, 2019 Video Surveillance Industry Guide, covers the key events and the future of the video surveillance market, is now available,...
Multi-Factor Access Control Authentication Guide on Dec 10, 2018
Can a stranger use your credentials? One of the oldest problems facing access control is making credentials as easy to use as keys, but restricting...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact