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The company does not foresee any material financial or operational impact due to the incident.
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Reuters
2 hours ago
- Reuters
Chinese state media says Nvidia H20 chips not safe for China
BEIJING, Aug 10 (Reuters) - Nvidia's (NVDA.O), opens new tab H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. Nvidia did not immediately respond to a request for comment. H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Nvidia later said its products had no "backdoors" that would allow remote access or control. In its article, Yuyuan Tantian said Nvidia chips could achieve functions including "remote shutdown" through a hardware "backdoor." Yuyuan Tantian's comment followed criticism against Nvidia by People's Daily, another Chinese state media outlet. In a commentary earlier this month, People's Daily said Nvidia must produce "convincing security proofs" to eliminate Chinese users' worries over security risks in its chips and regain market trust.


Reuters
4 hours ago
- Reuters
China wants US to relax chip-export controls as part of trade deal, FT reports
Aug 10 (Reuters) - China wants the United States to ease export controls on a critical component for artificial intelligence chips as part of a trade deal ahead of a possible summit between U.S. President Donald Trump and Chinese President Xi Jinping, the Financial Times reported on Sunday.


Auto Blog
6 hours ago
- Auto Blog
Genesis Launches Lavish 2025 G90 Lease Offer for August
Equal luxury for less Can a full-size luxury sedan be a bargain? It can when it's the 2025 Genesis G90, the first Hyundai luxury model that truly rivals the Lexus LS, BMW 7 Series, Audi A8, and Mercedes-Benz S-Class. The G90 offers many standard features that you'll pay extra for elsewhere, and its distinctive appearance has the presence required for a luxury chariot. Once inside, you'll find it's richly decorated with an appearance that's far more refined, yet just as indulgent, as the cabins found in the S-Class, 7 Series, or LS. 2025 Genesis G90 — Source: Genesis Power comes from a 375-horsepower 3.5-liter twin-turbocharged V6 and an 8-speed automatic transmission that sends it power to all four wheels on the 3.5T grade. It's also offered with an electric supercharger that boosts output to 409 horsepower in E-SC MHEV trim. A pair of 12.3-inch screens dominates the instrument panel along with Apple CarPlay, Android Auto, and a Bang and Olufsen audio system. It makes for quite a ride, one that's offered with a special lease in August. 2025 Genesis G90 — Source: Genesis The 2025 Genesis G90 lease deal, August 2025 You can lease a 2025 G90 3.5T for $1,229 per month for 36 months and 30,000 miles, with $6,999 due at lease signing, in the Pacific Northwest, the Midwest, Dallas, or the Mid-Atlantic region. In Southern California, Miami, or the Northeast, the monthly cost will be $1,099 with a $6,999 down payment for the same 36-month/30,000-mile lease. 2025 Genesis G90 — Source: Genesis Any dealer contribution will affect the final price, which includes a $750 acquisition fee. No security deposit is required. In addition, Genesis is offering $1,000 customer bonus towards the lease of a G90 in dealer stock. Figures do not include tax, title, license, registration, documentation fees, options, insurance, or other fees. The disposition fee is $400 for most states. This lease offer ends September 2, 2025. Prefer $0 Down? Of course, some may not have that kind of cash handy. If you'd rather avoid a big down payment, you'll find that this lease will cost around $1,389 in the Pacific Northwest, the Midwest, Dallas, or the Mid-Atlantic region, and $1,263 in Southern California, Miami, or the Northeast. Keep in mind that, when leasing, consider the monthly payment cost, taxes, and fees before signing. Lease offers vary by metro market. Check your local pricing here. 2025 Genesis G90 — Source: Genesis Final thoughts While the 2025 Genesis G90 may lack some of the panache of longstanding rivals from BMW, Mercedes-Benz, and Lexus, it makes up for it with more standard equipment for the money. The Genesis is a wonderful indulgence, with a distinctive presence, lavish comfort, and seamless performance that makes any drive well worth it. *Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. About the Author Larry Printz View Profile