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

Strong ISC West 2019 For Manufacturers But Concerns For 2020 March Move on Apr 16, 2019
ISC West 2019 was strong for manufacturers, according to new IPVM survey results of 100+ manufacturers, consistent with 2018 results. However,...
Hikvision Conducts Military Training For New Employees on Apr 04, 2019
Hikvision's new employees recently completed a boot camp where they wore Chinese army uniforms and were trained by former army personnel, as shown...
How China's Pay By Facial Recognition Works on Apr 02, 2019
Many social media posts have variously celebrated or warned about the growing use of facial recognition for payments in China. An example of one...
Avigilon USA Factory Visit Report on Apr 01, 2019
In a building that looks more like corporate offices than a 'factory' and just down the road from suburban housing developments is Avigilon's USA...
Dahua Favorability Results 2019 on Apr 01, 2019
Dahua favorability declined, in IPVM's 2019 integrator favorability series, driven by their backdoors, resulting in mass hacking and US government...
Goldman and Fidelity Funds Sell Off Hikvision, Dahua Stock Over Xinjiang on Mar 29, 2019
Major US funds run by financial giants such as Fidelity and Goldman Sachs have sold their equity stakes in Hikvision and Dahua "as scrutiny...
9 UK MPs Call Out Hikvision Over Human Rights Violations on Mar 26, 2019
A group of nine MPs in the UK has released a letter calling out Hikvision for its surveillance deals in Xinjiang and Tibet, alleging Hikvision...
Hikvision Favorability Results 2019 on Mar 18, 2019
Hikvision favorability results declined significantly in IPVM's 2019 study of 200+ integrators. While in 2017 Hikvision's favorability was...
Hikvision Chairman Warns Of AI New Entrants Victimizing Customers on Mar 12, 2019
Hikvision chairman Chen Zongnian has warned that customers will become “victims” of AI hype from new industry entrants, even saying such newcomers...
Congressional Letter Calls Out US Companies Supporting Dahua and Hikvision on Mar 11, 2019
A bipartisan Congressional Letter has called out US companies that 'support' or have 'commercial ties' to Hikvision and Dahua and how they are...

Most Recent Industry Reports

The Fastest Growing Video Surveillance Sales Organization Ever - Verkada on Apr 17, 2019
Verkada has the fastest growing video surveillance sales organization ever. In less than 2 years, they already have more salespeople in the US...
Door Operators Access Control Tutorial on Apr 17, 2019
Doors equipped with door operators, specialty devices that automate opening and closing, tend to be quite complex. The mechanisms needed to...
Securadyne CEO: IPVM 'Entertaining For An Ignorant Few' on Apr 16, 2019
Securadyne's CEO Carey Boethel is unhappy with IPVM's report - Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied. Indeed, he...
Dahua Repositionable IR Multi-Imager Camera Tested on Apr 16, 2019
Dahua has released their first repositionable multi-imager camera, the Multi-Flex 4x2MP, claiming integrated IR, true WDR, and flexible...
Strong ISC West 2019 For Manufacturers But Concerns For 2020 March Move on Apr 16, 2019
ISC West 2019 was strong for manufacturers, according to new IPVM survey results of 100+ manufacturers, consistent with 2018 results. However,...
Axis Supports HD Analog on Apr 15, 2019
In 2017, Axis declared 'Everything is IP': Now, in 2019, Axis has released support for HD analog, with their new encoders.  Why the change?...
Alarm.com Favorability Results 2019 on Apr 15, 2019
The once dot com startup has evolved to become a core provider for home security and is now expanding into commercial. In their first entry in...
UK Camera Commissioner Calls for Regulating Facial Recognition on Apr 15, 2019
IPVM interviewed Tony Porter, the UK’s surveillance camera commissioner after he recently called for regulations on facial recognition in the...
ISC West 2019 Report on Apr 12, 2019
The IPVM team has finished at the Sands looking at what companies are offering and how they are changing their positioning. See below for 50+...
Pole Mount Camera Installation Guide on Apr 11, 2019
Poles are a popular but challenging choice for deploying surveillance cameras outdoors. Poles are indispensable for putting cameras at the right...

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