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.

2 reports cite this report:

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 (9) : PRO Members only. Login. or Join.

Related Reports

Huawei Admits AI "Bubble" on Oct 16, 2018
A fascinating article from the Chinese government's Global Times: Huawei’s AI ambition to reshape industries. While the Global Times talks about...
"New Zealand Govt Uses Chinese Cameras Banned In US", Considers Security Audit on Oct 12, 2018
Newsroom NZ has issued a report: "NZ Govt uses Chinese cameras banned in US": This comes after the US federal government banned purchases of...
Honeywell Hides Selling US Gov Banned Chinese Video Surveillance on Oct 10, 2018
Honeywell hides selling US government banned Chinese video surveillance as their own 'Honeywell' products, deceiving buyers and putting US security...
IP Camera Installability Shootout - Avigilon, Axis, Bosch, Dahua, Hanwha, Hikvision, Uniview, Vivotek on Oct 08, 2018
What are the best and worst cameras from an installation standpoint? Which manufacturers make it harder or easier to install their cameras? We...
China Hacks Video Servers Causing Uproar on Oct 05, 2018
An incident causing an international uproar is hitting home in the video surveillance industry as a Bloomberg report, "The Big Hack: How China...
US Commerce Department Considers Sanctions Over Companies Profiting From Xinjiang on Oct 04, 2018
The US Commerce Department is considering its own sanctions for businesses alleged to be enabling repression in the Chinese region of Xinjiang...
Anti-Tailgating Startup: Spyfloor on Oct 03, 2018
A Canadian startup, Spyfloor, is using a different approach to warn against tailgating, a common access control problem. By counting feet,...
Evidence Of Hikvision's Involvement With Xinjiang IJOP And Re-Education Camps on Oct 02, 2018
IPVM reveals as-yet unreported details about Hikvision’s activities in Xinjiang - a region of China where massive human rights abuses are being...
ASIS GSX 2018 Mixed Manufacturer Reviews With Declining Overall Attendance on Oct 02, 2018
ASIS GSX 2018 show drew 9% fewer total registrants, however, it gained 15% more paid registrations, according to ASIS. In this note, we look...
ASIS GSX 2018 Show Report on Sep 25, 2018
In the first major US show since the US government ban of Dahua and Hikvision was passed into law, the mega Chinese companies were in retreat and...

Most Recent Industry Reports

Hanwha Dual Imager Dome Camera Tested (PNM-7000VD) on Oct 18, 2018
Hanwha has introduced their first dual-imager model, the PNM-7000VD, a twin 1080p model featuring independently positionable sensors and a snap-in...
Camera Height / Blind Spot Added to IPVM Camera Calculator on Oct 18, 2018
IPVM has added camera height and blind spot estimation to the Camera Calculator. This is especially helpful for those who need to mount cameras up...
Axis Strong US Growth, Flat EMEA - Q3 2018 Financials on Oct 18, 2018
This spring, Axis had its best financials in many years (see Axis Strong Q2 2018 Results). However, over the summer, Axis had many products sold...
Best Alternatives to Banned Dahua and Hikvision on Oct 17, 2018
With the US government ban and a growing number of users banning Dahua and Hikvision, one key question is what to use for low cost? While Dahua and...
Video Quality / Compression Tutorial on Oct 17, 2018
While CODECs, like H.264, H.265, and MJPEG, get a lot of attention, a camera's 'quality' or compression setting has a big impact on overall...
Knightscope Winning Investors, Struggling With Growth on Oct 16, 2018
While Knightscope's new financials show the company only winning 11 new customers in the past 12 months, the company continues to win new...
Integrator Laptop Guide on Oct 16, 2018
This 18-page guide provides guidance and statistics about integrator laptop use. 150 integrators explained to IPVM in detail about their laptops,...
Huawei Admits AI "Bubble" on Oct 16, 2018
A fascinating article from the Chinese government's Global Times: Huawei’s AI ambition to reshape industries. While the Global Times talks about...
ADI's Financials Revealed + W-Box Growth Priority on Oct 15, 2018
  ADI is one of the most powerful distributors in the security industry but how big are they? How much profit do they make? How much do they sell...
Dahua Face Recognition Camera Tested on Oct 15, 2018
Dahua has been one of the industry's most vocal proponents of the value that AI creates: As part of this, Dahua has released a facial...

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