The U.S. Department of Commerce’s list of entities is now a nightmare for many Chinese manufacturers. Over the past year, many Chinese companies have become part of this list. A recent report shows that the department just included OFILM, a major major OV lens supplier. OFILM’s partners include a number of smartphone manufacturers such as Xiaomi, Huawei, OPPO, Vivo, Lenovo, Samsung, and Sony. Furthermore, it also partners with auto manufacturers such as Geely Automobile, SAIC Motor, and Changan Automobile.
According to OFILM, it is a global leader in technological innovation and smart manufacturing. The company claims that it has always abide by laws and regulations. It also treats all employees equally and fully protects their legal rights.
“We call on the United States to re-examine it and look forward to communicating with relevant U.S. authorities on this matter, hoping to be treated fairly.”
OFILM will take active and proper response measures and continue to provide customers with high-quality products and services. The company also said it will continue to provide all employees with an equal, friendly, and positive working atmosphere and career development path.
Gizchina News of the week
OFILM, a major OV lens supplier rank first in the world
OFILM was established in 2002 and listed on the Shenzhen Stock Exchange in 2010 with the stock code 002456. The company’s main businesses include micro-electronics businesses such as micro-camera modules, fingerprint recognition modules, touch screen and touch display full-laminating modules. Furthermore, it handles smart automotive electronic products and services. Its devices are widely applicable in smartphones, tablets, smart cars, and other consumer electronics.
At present, OFILM has been at the forefront of the industry. Its shipment of camera modules, fingerprint recognition modules, and touch display modules rank first in the world for many years. The company’s revenue in 2019 hit 51.974 billion yuan ($7.4 billion), a year-on-year increase of 20.75%, maintaining steady growth.
In a recent announcement by the U.S. Department of Commerce, 11 Chinese companies are now part of Entity List. Furthermore, these companies will not be able to purchase American original products, including products and technologies. OFILM is among the 11 companies.
It appears that the American list of entities will continue to grow. The ever increasing list will include more Chinese manufacturers, it’s only a matter of time. From the proceedings so far, the clampdown on Chinese companies by the U.S. is not ending anytime soon. However, there seems to be a political touch to the numerous bans.
just dont do anything – Destroy the Dollar from international trade – and everything will fall into place.
Time to get rid of the US. There is no need for the US in the world. Its not just China, this shows that the US will use any underhanded tactic they can to maintain their white “supremacy”.
China has over 1 trillion in US bonds, time to sell and invest in a more multi-cultural country. Perhaps even consider making an Asian version of the EU (can’t use the EU because they’re a toothless poodle of the US)?
China is a dumb & deaf country who disturbe the neighbor his planing to become a powerful country in the world on the wrong track there is a no democracy only cruel rules on citizens no freedom for news & response for cronawares World want to be answered from him but his response is very disrespectful
Time to give these jobs back to Americans. Industry rising in the U.S.A means more income for Americans. U.S.A has always made the most durable long lasting products. We dont need China to do us anymore favors. We should remove all Chinese made products from U.S.A. We should also not sale any U.S.A made products to China. #MAGA #TRUMP2024
Its about time! and no matter who wins this next election, we cant let up on pulling as many jobs back to our own soil as possible OR out sourcing to a different country that is at least a democracy. we took a tremendous gamble with china by letting them into the world trade, showing them how we manufacture countless products so we could come up off of them through dirt cheap labor, letting their land become polluted as a result of producing those products instead of ours all with the hopes that they would eventually turn into a democracy. OOOPS! The looks like we really messed that up! And its a shame. Seems weve more than allowed the CCP to become this monster that has absolutely hated us the whole damn time. its gonna be hard, but im so happy to see our relationship with china start to come to a much needed END. Better late than never.
China should stop meddling in US and EU affairs. If the US or the EU decides to authorize or ban this or that country, China has no word to say. Like no other country has a word to say when China decided to ban google, facebook, whatsapp, twitter, etc.
So if no one has a word to say about the way China manages its market, China needs to stfu when other countries do the same. We don’t want to hear glassheart china crying every day.