Washington - The Trump administration is considering blacklisting another major Chinese technology company in a move that would broaden a U.S. campaign to sever China's access to American know-how and inflame a deepening trade conflict, according to an individual familiar with the debate.
US officials are said to be eyeing the same penalty for Hikvision, using a Commerce Department mechanism known as the "entity list." Hikvision supplies surveillance cameras that the Chinese government has deployed throughout the Muslim-majority Xinjiang region to combat what it describes as separatist terrorism.
Hikvision last month reported earning about $1.65 billion on revenue of roughly $7.2 billion in 2018. In its annual shareholder letter, the company said it had faced numerous challenges last year but remained "upbeat about growth in the domestic and overseas markets in the years ahead." The Commerce Department is drawing up new regulations to restrict US exports of 14 advanced technologies including robotics and quantum computing, in a move motivated by concern over China's access to American innovations.
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