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US Federal Communications Commission (FCC) banned sales of new telecom and surveillance equipment made by several Chinese companies including Huawei, ZTE, Hikvision (海康威视), Dahua (大华) and Hytera(海能达)
China releases its national standard for facial recognition
Most Chinese security camera chip vendors are under pressure, but there are also bright spots
Hikvision(海康威视), the leading Chinese supplier of video surveillance products, said the U.S. export restrictions on high-end GPU chips have no impact on its business.
Chinese surveillance behemoth Hikvision posts an 11.14% profit decline in H1 2022.
Hikvision, China’s top video security systems supplier, achieved an operating income of RMB81.42 billion ($12.8 billion) in 2021, up by 28.21% over the previous year