As reported by Bloomberg, Nvidia was summoned by "Beijing authorities" over suspected security risks with its H20 chips. Nvidia is said to have been asked to explain potential risks by the Cyberspace Administration of China, and whether or not Nvidia's chip had a backdoor, which could be accessed and logged remotely without the consent of owners.

Nvidia said on Thursday its products have no "backdoors" that would allow remote access or control after China raised concerns over potential security risks in the firm's H20 artificial intelligence chip.

Nvidia’s H20 chips return to China after a US export ban rollback, but analysts see market share losses from rising Chinese AI competition and tighter regulation.