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.
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.