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China summons chip giant Nvidia over alleged security risks
Chinese authorities summoned Nvidia representatives on Thursday to discuss "serious security issues" over some of its artificial intelligence chips, as the US tech giant finds itself entangled in trade tensions between Beijing and Washington. Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds. A key issue has been Chinese access to the "H20", a less powerful version of Nvidia's AI processing units that the company developed specifically for export to China. The California-based firm said this month it would resume H20 sales to China after Washington pledged to remove licensing curbs that had halted exports. But the firm still faces obstacles -- US lawmakers have proposed plans to require Nvidia and other manufacturers of advanced AI chips to include built-in location tracking capabilities. And Beijing's top internet regulator said Thursday it had summoned Nvidia representatives to discuss recently discovered "serious security issues" involving the H20. The Cyberspace Administration of China said it had asked Nvidia to "explain the security risks of vulnerabilities and backdoors in its H20 chips sold to China and submit relevant supporting materials". The statement posted on social media noted that, according to US experts, location tracking and remote shutdown technologies for Nvidia chips "are already matured". The announcement marked the latest complication for Nvidia in selling its advanced products in the key Chinese market, where it is in increasingly fierce competition with homegrown technology firms. - Nvidia committed - CEO Jensen Huang said during a closely watched visit to Beijing this month that his firm remained committed to serving local customers. Huang said he had been assured during talks with top Chinese officials during the trip that the country was "open and stable". "They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here," he said. Nvidia this month became the first company to hit $4 trillion in market value -- a new milestone in Wall Street's bet that AI will transform the global economy. Jost Wubbeke of the Sinolytics consultancy told AFP the move by China to summon Nvidia was "not surprising in the sense that targeting individual US companies has become a common tool in the context of US-China tensions". "What is surprising, however, is the timing," he noted, after the two countries agreed to further talks to extend their trade truce. "China's action may signal a shift toward a more assertive stance," Wubbeke said. Beijing is also aiming to reduce reliance on foreign tech by promoting Huawei's domestically developed 910C chip as an alternative to the H20, he added. "From that perspective, the US decision to allow renewed exports of the H20 to China could be seen as counterproductive, as it might tempt Chinese hyperscalers to revert to the H20, potentially undermining momentum behind the 910C and other domestic alternatives." New hurdles to Nvidia's operation in China come as the country's economy wavers, beset by a years-long property sector crisis and heightened trade headwinds under US President Donald Trump. Chinese President Xi Jinping has called for the country to enhance self-reliance in certain areas deemed vital for national security -- including AI and semiconductors -- as tensions with Washington mount. The country's firms have made great strides in recent years, with Huang praising their "super-fast" innovation during his visit to Beijing this month. ll-pfc/mjw/kaf/sco Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Microsoft poised for $4 trillion valuation after solid results
(Reuters) -Microsoft is set to soar past $4 trillion in market valuation for the first time on Thursday, as a burst of investor confidence in its booming Azure cloud division helps the tech behemoth become the second company after Nvidia to surpass the milestone. The software company forecast a record $30 billion in capital spending for the current fiscal first quarter and reported booming sales in its Azure cloud computing business on Wednesday. Shares of Microsoft were up 8.6% at $557.34 in early premarket trading, valuing it at $4.14 trillion.
Yahoo
25 minutes ago
- Yahoo
Aware Inc (AWRE) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth ...
Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Aware Inc (NASDAQ:AWRE) achieved best-in-class performance in the Department of Homeland Security's remote identity validation technology demonstration, highlighting its strength in combating identity fraud. The company received strong third-party validation for its technological capabilities, being recognized as a luminary in core identity technology in the PRISM project's Deepfake and Synthetic Identity Report. Aware Inc (NASDAQ:AWRE) has expanded its federal footprint internationally, securing national ID programs for two Middle Eastern governments. The company has made significant enhancements to its awareness platform, improving facial matching speed and mobile face capture reliability, which enhances user experience. Aware Inc (NASDAQ:AWRE) has strengthened its leadership team with strategic hires, including a new Chief Marketing Officer with extensive cybersecurity marketing experience, to drive demand and brand visibility. Negative Points Total revenue for the quarter decreased to $3.9 million from $4.3 million in the prior year period, largely due to the timing of perpetual license sales. Operating expenses increased to $5.9 million compared to $5.7 million in Q2 of 2024, attributed to expanding the team and hiring key executive leaders. The company reported a GAAP net loss of $1.8 million or $0.08 per diluted share, compared to a GAAP net loss of $1.1 million or $0.05 per diluted share in the same year-ago period. Adjusted EBITDA loss for Q2 increased to $1.4 million compared to an adjusted EBITDA loss of $1 million in the second quarter of 2024. Cash equivalents and marketable securities decreased to $23.7 million as of June 30, 2025, from $27.8 million as of December 31, 2024, indicating a reduction in available capital. Q & A Highlights Warning! GuruFocus has detected 5 Warning Signs with AWRE. Q: Lidos has been a long-standing partner of Aware. Today they announced a significant task order awarded by the FBI. Can you provide some insight into the press release and what this means for Aware's partnership with Lidos? A: AJ Amlani, CEO: We're very excited about the ongoing investments by the US federal government into the biometric industry and identity. While we don't comment on specific customers or partners, we look forward to being part of these investments as the federal government continues to recognize the importance of identity and biometrics. Q: Based on your current visibility, what do you expect for revenue in the second half of 2025 and what are the key factors that could influence that performance? A: David Traverse, CFO: We view the second half of 2025 as an important period for pipeline advancement and customer onboarding. However, revenue timing can vary by deal, and we don't have a clear line of sight yet. Our focus remains on execution and bringing new customers into production, setting us up for multi-year contracts and meaningful revenue over time. Q: Looking into 2026 and beyond, what are the key revenue growth levers you're focused on now? A: AJ Amlani, CEO: Our key growth levers include federal government work, the law enforcement market, and the commercial market. The US federal government has increased its budget significantly, with plans to spend on border security and related initiatives. In the commercial market, the acceptance of biometrics is growing, driven by technologies like Face ID, which enhance privacy and security. Q: Given that recurring revenue grew modestly, what steps are you taking to accelerate your subscription-based business? A: Brian Krause, CRO: We are investing in our go-to-market process and teams, focusing on scalable biometric projects and solutions. Our efforts are centered on larger market segments where our software solutions are deployed as enterprise infrastructure, leading to long-term, durable relationships. Q: How are you improving the sales cycle velocity and what are the bottlenecks today? A: Brian Krause, CRO: We have strengthened our end-to-end sales process and teams to focus on customer requirements. This alignment often results in shorter proof of value testing and higher success rates. Our focus is on understanding customer needs and delivering value quickly. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
