FB pixel

Hikvision facing potential disruption from U.S. component ban

 

The U.S. government is considering extending a ban on its agencies buying facial recognition and smart camera products from Chinese CCTV giant Hikvision to a ban on U.S. suppliers selling components to the company, over its use in surveillance systems related to the detention of thousands of minorities in the Xinjiang region, the Financial Times reports.

Several core components of Hikvision products are produced in the U.S., and the government is report to be considering sanctions against Chinese companies and officials over the situation in Xinjiang, which could result in a ban on importing components from the U.S. An industry analyst told PYMNTS.com that such a ban would be a major disruption for the company, at the least. Hikvision Vice President Huang Fanghong told said during an earnings call earlier this year that the company is not dependent on American suppliers, however.

Shares in Hikvision have declined 37 percent from a high earlier this year.

Hikvision cameras have been used in many applications in the U.S., and the firm hired public relations help to determine the impacts of the National Defense Authorization Act (NDAA) on it in August.

The U.S. has previously banned exports to Chinese state-owned semiconductor company Fujian Jinhua and telecom ZTE, though the latter has since been lifted.

Hikvision has made significant strides in the international facial recognition market this year, including a contract to provide technology for border control in Zimbabwe.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Biometric liveness follows growth trajectory of AI threats

Biometrics and liveness detection are the bulwark against a tide of fraud, including sophisticated attacks using generative AI, in many…

 

More US airlines, airports moving toward biometrics for security, baggage

From Denver to Salt Lake City to Dubai, biometrics and digital ID are being activated to improve security and efficiency…

 

Isle of Man govt plans public consultation on introduction of FRT at ports

The Isle of Man continues to debate the introduction of facial recognition and identity documents to boost security at its…

 

Scottish review calls for clearer standards for police in biometric data retention

The Scottish government, in partnership with the Scottish Biometrics Commissioner, has published a detailed review of biometric data retention practices…

 

North Korean mobile service apps rely on facial recognition

North Korean citizens are required to submit face biometrics to subscribe to mobile services through the official apps of North…

 

Integrated Biometrics, GripID release ‘smallest multimodal biometric device’

Shaped and sized like a modern TV remote or an early iPod Nano, the new multimodal biometric scanner from GripID…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events