The U.S. might ban Chinese firm Hikvision from buying American technology, which could crimp the overseas expansion plans of one of the world’s biggest makers of surveillance cameras, the New York Times reported.
Hikvision has been embroiled in controversy for its role in selling equipment used for the surveillance and mass detention of China’s ethnic Muslim minority, known as Uighers, in the region of Xinjiang. The potential blacklisting would mark the first time the Trump administration has penalized a Chinese company over human-rights violations in Xinjiang, the newspaper said, adding that the decision to ban could be made in the coming weeks.
News of the potential ban hammered Hikvision’s stock price on Wednesday, where it fell more than 5% on the Shenzhen stock exchange.
Still, it appears Hikvision doesn’t source many of its components from the U.S., and that means it could possibly turn to Chinese suppliers to fill the gap, the newspaper said. It remains to be seen whether the Trump administration will penalize more Chinese companies for their roles in Xinjiang.