Ambarella Inc
AMBA
Information Technology
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Ambarella designs system-on-chip (SoC) video processors that form the core silicon in IP surveillance cameras manufactured by Hikvision and Dahua Technology, both placed on the U.S. Commerce Department Entity List in October 2019 for enabling mass surveillance of the Uyghur population in Xinjiang. Analysts estimated Hikvision and Dahua contributed approximately 25-30% of Ambarella's annual revenue (roughly $50 million), with a Morgan Stanley analyst noting a "high-teens" percentage from Hikvision alone. Ambarella's chips power cameras deployed across China's surveillance infrastructure. While the Entity List restricts U.S. technology exports, Ambarella indicated it could continue shipping foreign-produced products to listed entities, maintaining the commercial relationship that enables surveillance hardware production.
Research Sources
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