The Commerce Department may require that American companies obtain government approval to supply components to Hikvision, limiting the company’s access to technology that helps power its equipment.Administration officials could make a final decision in the coming weeks.The combination of more traditional surveillance equipment with new technologies, like artificial intelligence, speech monitoring and genetic testing, is helping make monitoring networks increasingly effective — and intrusive. Hikvision and Dahua, another company cited by lawmakers, are both listed on the Shenzhen stock exchange. AdvertisementSupported byByWASHINGTON — The Trump administration is considering limits to a Chinese video surveillance giant’s ability to buy American technology, people familiar with the matter said, the latest attempt to counter Beijing’s global economic ambitions.The move would effectively place the company, Hikvision, on a United States blacklist. The Bureau of Industry and Security has issued a final rule that, effective Oct. 9, adds 28 Chinese entities to the Entity List and thereby restricts them from receiving U.S. exports of goods controlled under the … In particular, if additional tariffs or trade restrictions are imposed on our SoC solutions or the products of our customers, or trade restrictions are imposed on our ability to conduct business with certain customers, there could be a negative impact on our operations and financial performance. For further information about these entities and DLA Piper's structure, please refer to the Legal Notices page of this website. It also would mark the first time the Trump administration punished a Chinese company for its role in the surveillance and mass detention of Uighurs, a mostly Muslim ethnic minority.The move is also likely to inflame the tensions that have escalated in President Trump’s renewed trade war with Chinese leaders. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Data also provided by

We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Being added to the "Entity List" bars companies or other entities from buying parts and components from U.S. companies without U.S. government approval. Ambassador Pierre-Richard Prosper, to conduct a review of the Company’ s human rights compliance process. Separately, Hikvision takes cybersecurity very seriously as a company and follows all laws and regulations in the markets we operate.”Since last year, administration officials have debated Secretary of State Mike Pompeo Since trade talks with Beijing nearly crumbled early this month, the administration has quickly ramped up economic pressure on China. Treasury Secretary Steven Mnuchin has advocated maintaining strong business ties with China.The Commerce Department is also working on new restrictions on the types of potentially sensitive American technology that can be exported to foreign businesses, which are likely to touch on artificial intelligence and 5G abilities.Advertisement