On the morning of May 22, shares in Hangzhou Hikvision Digital Technology Co. plunged by 4.38% to RMB 26.39 yuan as of noon, influenced by a report that the Trump administration was considering placing it on a U.S. blacklist.

According to the New York Times report on Tuesday, the U.S. administration was considering blocking Chinese video surveillance company Hikvision’s ability to buy U.S. technology, the move of which deepens worries about trade frictions between the two economies. And American companies may have to obtain government approval to supply components to Hikvision.

An executive of investor relations in the company replied that they had not informed of the possible blacklisting. The executive told the reporter Hikvision’s chips are very commercial and most of the suppliers are from China, some are in Southeast Asia and America.

“Even if the United States no longer sells chips to us, we can remedy through other commercial means. We won’t be affected,” said the executive.

(Executive Editor: Yongliu He)