Nvidia Defends Chip Integrity Amid China Cybersecurity Probe: ‘No Back Doors, No Kill Switches'
'There are no back doors in Nvidia chips. No kill switches. No spyware,' the semiconductor design giant said in a lengthy blog post late Tuesday. 'That's not how trustworthy systems are built—and never will be.'
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Newsweek
14 minutes ago
- Newsweek
US Ally Near China Receives Major Boost to F-35 Fleet
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The first three F-35 stealth fighter jets designed for operations from Japanese aircraft carriers arrived in the Northeast Asian country on Thursday as part of Tokyo's ongoing efforts to bolster the defense of its remote southwestern islands amid China's growing military threat. Newsweek has contacted the Chinese defense and foreign ministries for comment via email. Why It Matters Japan, a key ally in the United States' strategy to contain the Chinese military, is converting two helicopter carriers—JS Izumo and JS Kaga—into aircraft carriers. Both ships are slated to operate the F-35B jets, the short takeoff and vertical landing variant of the F-35 family. Only a limited number of airfields on Japan's southwestern islands can support conventional fighter operations. Because of their close proximity to Taiwan, these outlying islands would be vulnerable to Chinese strikes if used to support U.S. military operations in a Taiwan conflict. In addition to the 42 F-35B aircraft it has ordered, Japan has procured a total of 105 F-35A jets for its air force, which are designed to operate from conventional runways. This makes the U.S. ally the second-largest operator of the Lockheed Martin-built jets in the world. What To Know The Japanese F-35B jets landed at Nyutabaru Air Base, located on the eastern coast of Kyushu, Japan's southernmost main island. Citing the Japan Air Self-Defense Force, the Associated Press reported that a fourth jet was expected to arrive at the base at a later date. X user @itackey2, a local photographer, posted a series of photographs on the platform that showed each of the jets landing using a different method—vertical, short and conventional. The photos demonstrate the aircraft's unique capability to operate from various types of runways on ships and on land. Japan's Defense Ministry previously said eight F-35B jets were scheduled for delivery during fiscal year 2025, which runs from April 1 to March 31. According to Lockheed Martin, the jets are scheduled to be deployed aboard the Izumo in 2027 and the Kaga in 2028. A Japanese F-35B stealth fighter jet lands on Nyutabaru Air Base in Japan for deployment on August 7. A Japanese F-35B stealth fighter jet lands on Nyutabaru Air Base in Japan for deployment on August 7. Kyodo via AP Images Meanwhile, the Kaga is participating in a multinational naval war game in the western Pacific alongside two other warships capable of operating F-35B jets—the U.S. Navy amphibious assault ship USS America and the British aircraft carrier HMS Prince of Wales. Separately on Thursday, a Japanese F-2A single-seat fighter jet crashed into the Pacific Ocean off the coast of Ibaraki prefecture—located on Honshu, the largest main island of Japan—after taking off from Hyakuri Air Base for a training flight, Kyodo News reported. The pilot, who reported an anomaly during the flight, ejected from the aircraft and was rescued. Following the crash, the Japan Air Self-Defense Force grounded all 90 jets of the type, except for those needed for urgent duties, such as responding to airspace violations. What People Are Saying The Japan Air Self-Defense Force wrote on X on Thursday: "[Japan Air Self-Defense Force] will continue further refining and strengthening Japan's air capability through the deployment of F-35B." Lockheed Martin wrote on its website: "The F-35 Lightning II is designed and built to counter the most advanced threats—making it a perfect fit for the Japan Air Self-Defense Force (JASDF)." What Happens Next It remains to be seen whether the U.S. and Japan will accelerate the delivery of the F-35B jets as China continues to expand its military reach and presence across the western Pacific.
Newsweek
14 minutes ago
- Newsweek
Donald Trump Issues Ultimatum To Intel CEO: 'Resign, Immediately'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has called on the new CEO of the technology company Intel to resign immediately. Writing on Truth Social on Thursday, Trump said that Lip-Bu Tan was "highly conflicted." "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem," he said. President Donald Trump speaking in the Oval Office at the White House in Washington D.C. on Wednesday. President Donald Trump speaking in the Oval Office at the White House in Washington D.C. on Wednesday. AP Photo/Alex Brandon Why It Matters Trump's intervention comes amid increased political concern over Tan's appointment as CEO in March. Arkansas Republican Senator Tom Cotton questioned Tan's ties to Chinese companies and the Chinese military on Tuesday. In a letter to Intel's chair Frank Yeary, he expressed "concern about the security and integrity of Intel's operations and its potential impact on U.S. national security." "Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People's Liberation Army," he wrote in his letter, posted on X. An Intel spokesperson said in a statement on Wednesday that "Intel and Tan are deeply committed to the national security of the U.S. and the integrity of our role in the U.S. defense ecosystem." This is a developing story. More to follow.
Yahoo
31 minutes ago
- Yahoo
Interpump Group SpA (STU:8IG) Q2 2025 Earnings Call Highlights: A Turnaround in Sight Amidst ...
Release Date: August 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Interpump Group SpA (STU:8IG) reported a 1% organic sales growth after six consecutive quarters of decline, indicating a potential turnaround. The water jetting division experienced a remarkable 19% organic growth, driven by significant orders in China. The company's EBITDA grew by nearly 7% in the quarter, showcasing effective cost optimization and business model flexibility. Cash generation remained strong, with 46 million generated in the second quarter, matching the previous year's performance. The company successfully managed tariff impacts, with no significant negative effects on profitability reported. Negative Points The hydraulic division continues to face challenges, with a 7% decline in sales, marking the seventh consecutive quarter of decline. North America, particularly the US, showed a significant decline of over 12% in the quarter, reflecting regional market weaknesses. The company remains cautious about the recovery signals from the hydraulic division, citing ongoing geopolitical and tariff challenges. Despite the positive growth in water jetting, the company advises against expecting similar extraordinary growth rates in future quarters. Visibility on customer restocking and demand trends remains low, adding uncertainty to future performance projections. Q & A Highlights Warning! GuruFocus has detected 3 Warning Sign with STU:8IG. Q: Regarding the strong performance in China for water jetting, is this growth sustainable in the second half of the year, and do you foresee similar opportunities in the future? A: The CEO explained that while the orders in China are not everyday occurrences, they reflect a trend towards more sustainable and environmentally friendly technologies. Although such large orders may not happen every month, there is confidence in long-term growth due to the shift in technology preferences. Q: Given the strong margins in the first half, is there a reason for not adjusting the guidance upwards? A: The CEO stated that despite the strong performance, the company remains prudent due to uncertainties in the market. They have decided to maintain their current guidance for the year, focusing on achieving their targets amidst various challenges. Q: Can you confirm the impact of tariffs on your business, particularly regarding US revenues? A: The CEO confirmed that approximately 7% of total revenues are subject to tariffs. However, they have adjusted prices to pass on the tariff impact to customers, and so far, there has been no significant negative impact on their P&L. Q: Could you provide more details on the Chinese order's size and its impact on future quarters? A: The CEO mentioned that while the order was significant, it should not be expected to recur every quarter. The focus is on the technological shift towards more sustainable solutions, which is expected to drive long-term growth. Q: What is the outlook for the hydraulics market in North America and Europe? A: The CEO noted that the US market is currently weaker due to geopolitical and economic factors, while Europe and Asia show more positive trends. They do not anticipate a recovery in the US market in the near term. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
