Nvidia addresses H20 chip security concerns with Chinese officials, Figma IPO and Roblox's 10% growth goal discussed.

Nvidia met with Chinese officials to address concerns about its H20 chips potentially posing a security risk. The company defended its technology, emphasizing its use in various industries and its secure design. Separately, Figma's IPO and Roblox's 10% growth goal were also highlighted.

Title: Nvidia Faces Security Scrutiny from China Over H20 Chips

Nvidia met with Chinese officials to address concerns about its H20 chips potentially posing a security risk. The company defended its technology, emphasizing its use in various industries and its secure design. Separately, Figma's IPO and Roblox's 10% growth goal were also highlighted.

According to China's Cyberspace Administration, Nvidia met with Beijing officials on Thursday regarding potential national security risks posed by its H20 graphics processing units [1]. Washington this month allowed Nvidia to resume sales of its H20 AI chips to China, reversing an effective ban imposed in April [1]. China is one of Nvidia's largest markets, particularly for data centers, gaming, and artificial intelligence applications.

The Cyberspace Administration of China summoned Nvidia to explain the "backdoor security risks" associated with H20 chips, according to an English translation of the statement [2]. The regulator pointed out that U.S. lawmakers have called for advanced chips to be equipped with tracking and local capabilities, and that U.S. experts say Nvidia's chips have tracking and remote shutdown technologies.

Nvidia did not immediately respond to a request for comment from CNBC but stated that it does not have "backdoors" in its chips that would give anyone a remote way to access or control them [2]. The company emphasized that its technology is used in various industries and is designed with security in mind.

In recent weeks, many American lawmakers have pushed back against the reported rollback of restrictions on Nvidia's H20 chips, warning they will advance Beijing's AI capability. Increased scrutiny from Beijing could introduce yet another geopolitical headwind for Nvidia CEO Jensen Huang, who has been balancing between Washington's semiconductor policies and his desire to sell to the lucrative China market [1].

Nvidia had taken a $4.5 billion writedown on the unsold H20 inventory in May and said sales in its last financial quarter would have been $2.5 billion higher without any export curbs. This week, Nvidia reportedly placed orders for 300,000 H20 chipsets with contract manufacturer TSMC as it seeks to meet Chinese demand [1].

Separately, Figma, a design tool for user interfaces, went public in a highly anticipated IPO [3]. The company raised $2.4 billion in its initial public offering, with shares trading at $148.50 each. Figma's IPO was one of the largest of the year and highlighted the growing demand for digital design tools.

Roblox, a popular gaming platform, set a goal to achieve a 10% growth in revenue this year [4]. The company aims to expand its user base and increase its market share in the gaming industry. Roblox has been focusing on developing new features and improving its platform to attract more users and generate more revenue.

References
[1] https://www.cnbc.com/2025/07/31/china-probes-nvidia-h20-chips-for-tracking-risks.html
[2] https://www.morningstar.com/news/marketwatch/20250731182/nvidia-got-us-greenlight-to-sell-its-h20-chips-in-china-but-now-china-is-worried-about-security
[3] https://finance.yahoo.com/news/china-summons-nvidia-over-alleged-055703846.html