Monday opening calls
Happy Monday from Singapore. Asia markets were poised for a mixed open.
Australia’sS&P/ASX 200was set to start the day lower with futures tied to the benchmark at 8,768, compared with the index’s last close of 8,807.1.
Futures for Hong Kong’sHang Seng Indexstood at 24,937, pointing to a higher open compared with the HSI’s last close of 24,858.82.
Japan markets are closed for a holiday.
— Lee Ying Shan
Nvidia claps back against Chinese accusations its H20 chips pose a security risk
Visitors visit the NVIDIA booth at the 3rd China International Supply Chain Expo in Beijing, China, on July 20, 2025.
Nurphoto | Nurphoto | Getty Images
Chip giantNvidiapushed back Sunday in response to allegations from Chinese state media that its H20 artificial intelligence chips are a national security risk for China.
Earlier in the day,Reuters reportedYuyuan Tantian, an account affiliated with Chinese state broadcaster CCTV, said in an article published on WeChat that the Nvidia H20 chips are not technologically advanced or environmentally friendly.
“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 Yuyuan Tantian article reportedlysaid, adding that the article said chips could achieve functions including “remote shutdown” through a hardware “backdoor.”
In response, a Nvidia spokesperson told CNBC that “cybersecurity is critically important to us. NVIDIA does not have ‘backdoors’ in our chips that would give anyone a remote way to access or control them.”
Nvidia on Tuesday rejected similar accusations.
For more, read here.
— Pia Singh
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